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Updated about 7 years ago on . Most recent reply
Structuring business with different assets & partners tax/law
I am sure there is a good forum thread to direct me to for this question, I could not find one. Please direct me after review of my questions.
With a PARTNER and a BIG vision: I would like to create a "brand" holding company, say "INCOME PROPERTIES".
With in that company we will buy assets, say first property a 24 unit building called "ParkDrive" this one is owned by just my partner and I and has (75% LTV)
Next property, "RiverView" is a 48 unit building owned by my partner and I (50%), then two other investors 30%, 20%. (75% LTV)
Third, property "RidgeCrest" is a 106 unit building, syndicated by my partner and I (20%) and the remaining (80%) with private money making up 100% of the purchase price.
And so on.
I understand I can do individual LLC's for certain size portfolios based on LTV for asset protection. I am more looking for the holding company name and value it will create long term (potential sale or go public, etc.).
First,
GENERALLY, how is this structured with legal protection with all of the different scenarios.
GENERALLY, how would this best be structured for tax planning.
Second,
Is it worth it (costs/cost savings & protection & brand). SHORT term vs LONG term.
Third,
Thank you for your expertise!