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Updated over 6 years ago on . Most recent reply
Seeking advice on LLC setup with investors
Hi All!
I am partnering with a friend to start an LLC to purchase multi-units. We will be raising money from friends and are looking at the best way to structure.
I have read an LLC. I have read an LLC with two separate entities. I'm looking for someone who can guide us. Looking to pay someone. Free advice is great, but want to respect everyone's time.
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#5 Tax, SDIRAs & Cost Segregation Contributor
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- Atlanta, GA
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#5 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Atlanta, GA
@Joe Brummitt "I have read an LLC with two separate entities."
No tax benefit to using SMLLCs to invest in a MMLLC. Perhaps a legal benefit.
How are you going to structure everyone's investment? Equity? Debt? A mixture of equity and debt?
All US citizens? LLC taxed as a partnership might be the best way to go. Engage a professional. As you can see, a convo is needed.