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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sun, 21 Aug 2005 09:11:48 -0400
/ Author of the message: "Grover C. McCoury III" |
Title of the message: |
Re: Creating an LLP and corp.
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Text of the message: |
"John A. Weeks III" <john@johnweeks.com> wrote in message news:john-64C711.18302020082005@ip-lcc.supernews.net... > With property, assuming you only own one or two, you get > far better tax treatment as an individual. All taxing agencies (state and federal) tend to "look through" the LLC to its member's as the responsible parties in terms of accounting for, and payment of, income tax. Profits and losses relative to passive activities within the company flow to the members who remain free of individual self-employment tax. > You are going to have to be insured anyway, so just bump > up the numbers a bit and fully protect your assets. One major advantage of holding RE in an LLC is the protection given them from judgment creditors and bankruptcy actions. For example, all of one's real estate holdings can be placed into an individual LLC; or each separate |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.