Beneficial management structure
Depending upon your specific situation, either a LLC or a LP may provide the management structure you need. A LLC provides a flexible structure that allows members to manage the entity or to elect a manager or a group of managers. All members of a LLC are provided limited liability. Additionally, many states allow one person to form a LLC.
LPs, however, require at least one general partner and one limited partner. The general partner is personally liable, but that may be handled by forming a corporation or LLC to serve as general partner, thus encapsulating any liability in a protected entity. When you use a LLC or LP for real estate investments, you may also benefit from estate planning and gifting opportunities available
LPs, however, require at least one general partner and one limited partner. The general partner is personally liable, but that may be handled by forming a corporation or LLC to serve as general partner, thus encapsulating any liability in a protected entity. When you use a LLC or LP for real estate investments, you may also benefit from estate planning and gifting opportunities available
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