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Updated almost 10 years ago,

User Stats

55
Posts
20
Votes
Lee I.
  • Real Estate Professional
  • Cleveland, OH
20
Votes |
55
Posts

Personal Financial Statement when real estate is owned in LLC or INC?

Lee I.
  • Real Estate Professional
  • Cleveland, OH
Posted

I've been looking over various personal financial statement templates and one thing confuses me. If I own real estate wholly or in partnership in the form of an LLC or a corporation, how do I list this on a PFS? Is the real estate section under assets only for real estate owned in your own name? If I own a corporation that owns the real estate, do I list the corporation shares under securities rather than the property the corp owns under real estate? What about property owned through LLC membership, which from what gather may or may not be considered securities?

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