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Old 01-24-2019, 07:31 PM
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Join Date: Jan 2019
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which is a better way to move/setup a company from a tax planning perspective

loan part:
so we have a finished rental (2 units) that needs some rear exterior work in one llc1 and another property that needs a full renovation in another llc2. no debt. we want to bring on a partner in the first llc1 to help finance the rear exterior work & full reno. work . Can llc1 pay its % of the loan from llc1 acct since loan is for work on rental & collateralized by rental - operating cost/repair? or total loan payment still considered a disbursement - full loan payment from llc would be viewed as payments to the guarantor partner...?



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Old 01-25-2019, 07:01 AM
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Join Date: Oct 2010
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moving states/setting up - new state - new company which will add investment partners. New partners will add capital after joining partnership and are expected to leave once capital investment is repaid. Should the partners be added when new company is formed or after?======>>>sorry, however I think that lt ls hard to tell.it depends. It is up to you whether you add one before or after the llc isformed.Basically, before you add a new LLC member, you need to fully consider both the benefits and the potential consequences. A new member can contribute a great deal to the new LLC but will also diminish the percentage of profits that go to you, the original owner. In a member-managed LLC, a new member will also add another voice to the decision making process. And once someone has an ownership interest, it may not be that easy to get rid of them if things don?t work out as you expected.

Pros/Cons of new company buying existing company?======>>>it also depends so hard to tell which one is better than which one.for example, say, the Pros of Buying an Existing Business; You have an established customer base.: You may even have distribution infrastructure in place.; Many best practices have already been established. You can start working on growth right now. But, the Cons of Buying an Existing Business; There can be higher costs involved: It takes time to establish trust. Or etc. you need to take time to choose an option. You may contact a tax pro, an irs enrolled agent, a cpa for wise choice



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