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Updated over 2 years ago,

User Stats

63
Posts
51
Votes
Chris Carrigan
  • Real Estate Agent
  • Wake Forest, NC
51
Votes |
63
Posts

Best Business Entity for married couple?

Chris Carrigan
  • Real Estate Agent
  • Wake Forest, NC
Posted

Getting ready to start up a STR using a property inherited by my wife. We have an LLC which we operate as an S-Corp for our real estate business, but want to keep this venture separate from our brokerage business. So looking to set up a new LLC, but wondering which is the best election. We are in NC. If we both want to be owners, does that require we do a partnership? I was thinking qualified joint venture, but then read that doesn't apply to an LLC. I want the legal protection of the LLC, but trying to keep it as simple as possible so that I can do the taxes without having to have a CPA.

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