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Updated over 7 years ago on . Most recent reply
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C-Corp for a Canadian long-term investor?
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