Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

110
Posts
9
Votes
Giovanni Luna
  • Rental Property Investor
9
Votes |
110
Posts

Non profit 501c3 parenting a subsidiary LLC

Giovanni Luna
  • Rental Property Investor
Posted
A friend of mine has a church legally established as a 501c3 and I have been thinking about forming an LLC. I then had a thought while talking to him, what if we used my LLC to hold assists for him, then there could be a tax exemption. My question is, (1) is this possible, (2) what are things to look out for in order to avoid legal battles,(3) is the such a thing as a non-profit LLC? We are wanting to buy homes and multifamily charge rent and use that as income for ministry purposes and also to house missionaries and people in need for and from the church. Would this still be legal or even possible to do? Thank, Giovanni

Loading replies...