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...? |