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Updated over 5 years ago on . Most recent reply

Jimmy Thomas's profile image
Jimmy Thomas's profile image
Jimmy Thomas
  • Rental Property Investor
  • from Brooklyn, New York
  • Member since Jan 1, 2018
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36
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17
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Jimmy Thomas's profile image
Jimmy Thomas's profile image
Jimmy Thomas
  • Rental Property Investor
  • from Brooklyn, New York
  • Member since Jan 1, 2018
Connect
Jimmy Thomas
  • Rental Property Investor
  • Brooklyn, NY
17
Votes |
36
Posts
Tax, SDIRAs & Cost Segregation

Partnership 2 LLCs/S. corps

Jimmy Thomas
  • Rental Property Investor
  • Brooklyn, NY
Posted

Hi All,

Looking to form a partnership to complete a few deals within the coming year. I already have an S. Corp formed and the partner would like tp form a new one for our joint ventures. What are some tax, legal, and banking implications if we go into the deals as 2 seperate business entities, or is it mandatory that we form a new entity? I would prefer keeping them seperate but I am all ears! Thanks in advance.

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