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Updated almost 5 years ago on . Most recent reply

Glenn Pierce's profile image
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Glenn Pierce
  • Member since Mar 27, 2020
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Glenn Pierce
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Glenn Pierce
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Tax, SDIRAs & Cost Segregation

LLC and partnerships

Glenn Pierce
Posted

I would like to know the difference between an LLC and a partnership. Thanks for any support!

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Carl Fischer's profile image
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Carl Fischer
  • Rental Property Investor
  • from Ambler, PA
  • Member since Jul 22, 2015
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Carl Fischer's profile image
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Carl Fischer
  • Rental Property Investor
  • from Ambler, PA
  • Member since Jul 22, 2015
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
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Taxes can be different with the LLC than with a partnership-can be taxed as a Scorp or partnership. In a partnership arrangement You can have a general partner and limited partner in some instances to minimize liability. Talk to your attorney and accountant to see what type of entity is best for you.

  • Carl Fischer
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  • 215-283-2868
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