., as an S/C-corporation).If you are going to be financing the property and not paying cash, it could get a bit muddy if you transfer the property to your LLC.

If you are here with just a visa...you can probably form a corporation OR LLC.

Originally posted by Account Closed:During this partnership how do i modify my existing corporate structure or do i create a joint venture/ co-op for the funding option?  

In so many ways I feel that Im not prepared to start as a Corporation.

I recently left the mothership ( aka corporate america).  

I think it is worth the investment of time and money if you can swing it.Your brand name can be the same as your corporate name (in which case you should start with the brand and make the corporate name the brand name).

Let’s take a look at several scenarios: Ownership of residential property (consisting of 4 or fewer dwelling units), which is financed (individual total ownership in one’s personal name, or joint ownership in two or more personal names, regardless of who is liable on the note) – YES, this is considered a “financed property.”Ownership of residential property (individual total ownership in one’s personal name, or joint ownership in two or more personal names), which was purchased subject-to the existing financing, and the previous owner is the only party liable on the mortgage – YES, this is considered a “financed property.”Ownership of a residential property, which is owned free and clear – NO, this is not considered a “financed property.”Joint or total ownership of a residential property that is held in the name of a Corporation or S-Corporation, even if the borrower is the owner of the Corporation, and the financing is in the name of the Corporation or S-Corporation – NO, this is not considered a “financed property.”Joint or total ownership of a residential property that is held in the name of a Corporation or S-Corporation, even if the borrower is the owner of the Corporation; however, the financing is in the name of the borrower – YES, this is considered a “financed property.”Ownership of a residential property that is held in the name of a Limited Liability Company (LLC) or Partnership where the borrower(s) have an individual or combined ownership in the LLC or Partnership of 25% or more, regardless of the entity (or borrower) that is the obligor on the mortgage – YES, this is considered a “financed property.”Ownership of a residential property that is held in the name of a Limited Liability Company (LLC) or Partnership where the borrower(s) have an individual or combined ownership in the LLC or Partnership of less than 25%, and the financing is in the name of the LLC or Partnership – NO, this is not considered a “financed property.”Ownership of a residential property that is held in the name of a Limited Liability Company (LLC) or Partnership where the borrower(s) have an individual or combined ownership in the LLC or Partnership of less than 25%, and the financing is in the name of the borrower – YES, this is considered a “financed property.”Residential property held in a REVOCABLE trust – YES, this is considered a “financed property.”Residential property held in an IRREVOCABLE trust and the borrower has NOT personally guaranteed the debt – NO, this is not considered a “financed property.”Residential property held in an IRREVOCABLE trust and the borrower HAS personally guaranteed the debt – YES, this is considered a “financed property.”Obligation on a mortgage debt for a residential property, regardless of whether or not the borrower has an ownership interest in the property – YES, this is considered a “financed property.”Ownership of a vacant residential lot, even if it is financed – NO, this is not considered a “financed property.”Ownership of commercial real estate (office building, retail space, warehouse space, etc.) – NO, this is not considered a “financed property.”Ownership of a multifamily property (consisting of more than 4 dwelling units) – NO, this is not considered a “financed property.”Ownership in a time share – NO, this is not considered a “financed property.”Ownership of a manufactured home and the land on which it is situated that is titled as real property – YES, this is considered a “financed property.”Ownership of a manufactured home on a leasehold estate not titles as real property (chattel lien on the home) – NO, this is not considered a “financed property.” 

The name change is a simple amendment with the local corporation commission, but I'm wondering if I'll also need to do anything to the titles of the properties?

If you end up deciding to go with a DBA, check these links out:http://www.ehow.com/how_6468970_file-fictitious-business-name-philadelphia.htmlhttp://www.portal.state.pa.us/portal/server.pt/community/corporations/12457/x_ficticious_names/571874

Typically, the decision to form an LLC, use a Land Trust, form a Corporation, etc., is driven in large part by Tax consequences.