Total Members: 159,074

Tapfuma

  • Tapfuma replied to the topic Is it best to buy in an LLC or in own name? in the forum Overseas Deals 13 years, 11 months ago

    Marthamel wrote:

    streamlineinvesting wrote:
    We… want to start an LLC in the USA and then open a bank account in the USA in the LLC's name to then buy property. Our question is should we then open a bank account in Australia under our individual names or form a company here and then open a bank account in that company's name in Australia? The…[Read more]

  • Tapfuma replied to the topic Is it best to buy in an LLC or in own name? in the forum Overseas Deals 13 years, 11 months ago

    Although direct ownership of U.S. property by foreign investors has some advantages, the non tax advantages – exposure to estate tax / death taxes and personal liability will most likely render direct investment unacceptable. James Simango, CPAUSTaxCentral.comwww.ustaxcentral.com

  • It makes good business sense to have an account dedicated to the LLC, but it is not compulsory to have a bank account for an LLC. Other investors are having their rental income wired to Australia, which proves to be very expensive at the end of the day. In the event that you do not have an LLC bank account a private account dedicated to the LLC is…[Read more]

Tapfuma

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,074

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!