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Updated over 6 years ago on . Most recent reply

User Stats

11
Posts
0
Votes
Jeffrey Campbell
  • Flipper/Rehabber
  • Raton, NM
0
Votes |
11
Posts

Splitting proceeds on personally owned property and an LLC

Jeffrey Campbell
  • Flipper/Rehabber
  • Raton, NM
Posted

So I bought a piece of property for $50k (owned personally) and developed it into a restaurant (LLC invested $125k). Now I'm selling it for ($175k) and am looking for suggestions in structuring the sale between myself and the LLC. Yes, profit was the goal but it's a restaurant (Breakeven is a WIN). Thanks for the feedback.

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