LP or LLC
I'm buying a 2 unit rental property as an investment. Would I benefit by forming an LP or LLC? I'm the sole owner and paying cash.
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Read More Answered By: Mark Johns |
Re: LP or LLC An LLC could provide some benefit in the area of liability protection. However, it could convert passive income to income for which social security tax would be due. You should speak to a lawyer about all of the various ownership structures. I offer free consultations. |
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