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All Forum Posts by: Stetson Keen

Stetson Keen has started 1 posts and replied 2 times.

Tax, SDIRAs & Cost Segregation

Post: Forming an LLC in Louisiana while I live and work in Texas

Stetson KeenPosted
  • New to Real Estate
  • Shreveport, La
  • Posts 2
  • Votes 0

Thank you everyone for your input!

@Sean Morrison, I know Louisiana law is a little different, so I'm liking your information.

It will be for a rental property, and the family member is older. Deeding the property to the LLC shouldn't be a problem. Is best if I set up the LLC since I will be the general/managing partner, or should they since they own the property?

0 Votes
Tax, SDIRAs & Cost Segregation

Post: Forming an LLC in Louisiana while I live and work in Texas

Stetson KeenPosted
  • New to Real Estate
  • Shreveport, La
  • Posts 2
  • Votes 0

Hi, I'm new to this, so here is the situation. 

I need to form a partnership in Louisiana for deal with a Family member, but I live in Texas. The family member already owns the house and I will renovate/manage it. Should we use an LLC or or C-Corp or what would be best?

Thanks for the help!

0 Votes