Using umbrella company as partner for partnership?

[Jay Y.]

Hi all,

Hopefully another quick question.  So I have an umbrella company which holds multiple child companies which all hold real estate.  I want to setup a partnership but am debating whether I should use my personal name or my umbrella company as my half of the partnership.  This partnership will also only hold rental properties.

Advantages of using umbrella company as partner:

- I can use my umbrella company credit card and bank account to more easily transfer funds and make purchases

Disadvantages of using umbrella company as partner:

- If the partnership gets sued, my umbrella company is liable so I could potentially loose everything under the umbrella  

I'd like to hear your opinions.  Thanks!!