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Can s corporation manage a property own by LLP?
Hello, i am new to real estate investing but I already have an s corporation for another business. I am looking to purchasing a property with investors and trying to figure out how to structure it so that the corporation can receive the tax benefits of managing the property. I understand that a corporation can be general partner in an LLP but is it possible to have the property by on the books of the corporation and issue distributions to the investors through the corporation? i am planning on talking to real estate lawyer and real estate cpa but wanted to see if there were any thoughts from the forum. thanks!