Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-24-2019, 07:31 PM
Junior Member
 
Join Date: Jan 2019
Posts: 2
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...?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 01-25-2019, 07:01 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
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



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Setup IRA's a few year ago and didn't file rmk9785e IRA/Sep 6 08-09-2016 12:56 PM
Sell primary home in CA then move to Florida tonyn123 Capital Gains 3 05-16-2015 11:51 PM
1031 Exchange - to move in or not to move in? Jules For 2014 5 05-14-2015 08:16 PM
Tax efficient setup for partnership ABCD Income 1 10-14-2013 05:18 AM
Tax efficient setup for partnership ABCD Income 0 10-13-2013 01:02 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.