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Updated about 4 years ago,
Partnership with non-citizen family member and LLC
Hello there! I have a very close non-citizen family member that lives in a different country looking to invest in real estate in my hometown here in Jackson County, Michigan. My question is, what would be the best business model/ structure when working with this partner. We would use my credit and her cash to be able to start getting properties, I would be in charge of doing all the work, how should we divide profits and would it be a good idea to make her a member of my LLC? She is not a citizen and I am afraid she will be heavily taxed. Are there any other ways to go about this? Should I talk to a lawyer or a CPA?
Thank you!