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All Forum Posts by: Daniel Goldsmith

Daniel Goldsmith has started 1 posts and replied 2 times.

Post: International Partnership

Daniel GoldsmithPosted
  • London, London
  • Posts 2
  • Votes 0

Thanks Rick- that’s already very helpful.

We thought about a simple JV and may very well go this route, yet we did want to explore the possibilities of starting something more concrete or in your own words- more aggressive.

To answer your question Steven, we both have stable jobs at the moment and as such aren’t interested in generating income. It would be a ‘Buy to Let’ however our philosophy for this investment would be to reinvest any profits into the refurbishment and upkeep of the property and better our asset, whilst paying off amortization and interest. Of course, down the line this may change, but for the foreseeable future that’s how we intend to operate.

Under an LLC am I correct in understanding that you don’t get taxed on the profits that the company generates (and that we’d reinvested into the asset anyway) and only on cash that is extracted from the company as either salary/benefits or dividends? If so, how much of an effect would tax brackets and potential dividend extraction taxes have as opposed to simply being taxed on my share of the profits generated under a partnership? I guess what I’m trying to understand is would there be any double taxation involved in an LLC structure, bearing in mind again, that I myself am a foreign alien.

Post: International Partnership

Daniel GoldsmithPosted
  • London, London
  • Posts 2
  • Votes 0

Hello,

I am a UK citizen/resident who is looking to invest in property within the United States. I have a local partner there who is a US citizen/resident and we would like to go in it together i.e. split the funds, mortgage, costs, etc.

I know there are different structures available such as LLC, LLP, LP and a plain partnership, and wanted to know what the benefits and disadvantages are of each regarding things like taxes, liability, etc. Keeping in mind that we need a mortgage and that one of us is a non-US citizen.

Many thanks for your help.