Know Your Terminology… Small Business Helper
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Real Estate: Crisis or Opportunity?In recent years, the U.S. real estate market has attracted a surge of investment demand for income property.
At this moment, a growing percentage of newly acquired properties are going into Limited Liability Companies (LLC's) which offer critical self-protection and tax saving features. The LLC is certainly helpful in the current legal climate of blame, litigation and scapegoating.
Even so, too many real estate businesses are still being conducted as sole proprietorships and general partnerships. And others are still being operated under older business forms such as limited partnerships which may fall short in providing all the protection that is needed.
Our firm provides a wide range of services to property owners who purchase real estate in many different forms: multi-family houses, condominiums, office buildings, shopping centers, etc.
While there certainly are important considerations in favor of limited partnerships, many of the features of the LLC provide additional advantages which should be carefully considered. The following questions and answers should provide helpful guidance in making this all-important decision.� |
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