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Updated over 7 years ago on . Most recent reply

User Stats

46
Posts
3
Votes
Cameron Andrews
  • Real Estate Investor
  • Tennessee
3
Votes |
46
Posts

C-Corp for a Canadian long-term investor?

Cameron Andrews
  • Real Estate Investor
  • Tennessee
Posted

Hello everyone,

I have a C-corp in the state of Ohio, at the advice of a real estate 'guru' 

At the moment, I am JVing on a long-term property in Pittsburgh. Is it worthwhile to hold the property in my C-corp? At the moment the corp has been sitting idle.

Priorities:

  • establishing credit, history in the USA, with plans for more long-term investments
  • not getting taxed as much as possible (I will be in the 15% corp tax bracket to begin)

What I Know:

  • C-corp has double-taxation - I don't plan to withdraw the revenue from the property so I'm not too concerned with this
  • S-corp and LLC passes through to the individual
  • I am not eligible for an S-Corp

What I Don't Know:

  • in what respects are C-corps good for international investors?
  • would the following structure work?:

My C-Corp owns a % stake in ---> LLC (split ownership between 3 Canadian JV partners) which is the registered owner of ---> Property

I have reached out to a CPA already, but the deal has sprung up last minute, and I would like to capitalize on the existing company already in the US if possible.

Thanks in advance!

Cameron

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