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Should I create LLC for real estate

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  • Complete_newbie
    replied
    Yes. You should. That is how I am structuring my RE deal(s).

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  • StarTrekDoc
    replied
    Short answer, yes.   For many reasons.  Also have to be very careful on the voting, payment, and manager powers.

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  • IRdoc
    started a topic Should I create LLC for real estate

    Should I create LLC for real estate

    Myself and a couple partners are forming a small investment group which will distribute a K1 for profit sharing.  Should I form a personal LLC for which distributions to flow into, mostly for taxes and and asset protection?  I'm new to all of this.
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