I’m sure giving “prior written permission” for every business with an EIDL means it would take god knows how long to refinance or sell anything, or in my case, move money between LLCs since it was my parent LLC that got the EIDL but it’s my subsidiary LLCs that own the properties that have sustained the economic injury.

I've read that its better to form an LLC and then 2 S-Corps underneath it that own the LLC for a partnership rather than forming a normal partnership for operations. Is this better for taxes?Could partners just elect ...

According to the Austin Business Journal, Seattle-based Amazon employs 4,000 people in the Austin area, and its Whole Foods Market subsidiary employs another 2,600 people."

Thanks, I'm sure you meant $8.00 not 800, sounds like an affiliate or subsidiary function under the bank then.

@Shanequa...good question: it was actually through a local mortgage broker who operates as a subsidiary/franchise of Ark La Tex Financial Services - they have operations in a good chunk of the southeast and Texas, I believe.In general, I have always found the big banks to be more cumbersome to deal with and thus do not waste my time with them anymore.

I would add that many of the funds are setting up their own property management subsidiaries to manage the rentals after the assets have been securitized, allowing for additional profits.Steve

@Aaron FrenkelMy partner and I are Canadian investors hunting our first US property - simply because we can buy 2-3 MFHs in much the US for the price of one here at home.As Canadians, it is a little easier for us to obtain conventional financing in the US (particularly through subsidiaries of Canadian banks), but after much learning and evaluation we are seriously considering financing at home as we can get better terms.Would financing at home be a possibility for you?

If a collector wishes to charge (collect from) a particular owner, unless the other owner is legally bound to share assets, like a marriage or subsidiary company, than the debt is only against the debtor's interest.

@Steven Hamilton II , I had a deal years ago where property was transferred into a subsidiary LLC, for some tax advantage (that was on the owner, not me, I wasn't involved in his tax issues).

This property for Burger King could have been a individual franchisee store, a larger franchisee, a subsidiary group of parent corp Burger King ,or a guarantee from Burger King itself.