How To Structure Company and Tax Filing

[Elia Ziliani]

Hi, I want to start investing in commercial real estate, I was thinking to use an Umbrella Structure, so, open an LLC in Delaware filing a partnership tax return ( I will have the 99% of interest as main owner and a corporation than I will open, it will have 1%, I don't like using disreguarded for the Parent company, also because I heard that for financing, etc.. it will be harder to obtain) and then having disregarded LLC as subsidiaries of the parent company, opened in the State of the property that I will buy (for example if I will invest in florida, I will open an LLC subsidiary in Florida that I will use to do transaction) and with these subsidiaries, I will purchase, sell and hold properties.

I will sign the Parent Company as a member Manage in the subsidiaries and as an owner, I will sign as Manager Manage in the Holding company. 

What do you think?

- Should I use different tax filing for the Parent company and the subsidiaries?

- The corporation is a waste of money and I should just file the Parent company as disregarded too? 

Thank you