American Structure

Viewing 4 posts - 1 through 4 (of 4 total)

freeman cooper
Member
@freeman-cooper
Join Date: 2006
Post Count: 115
July 27, 2006 - 1:22 pm
Hi Guys,
Can someone give me an idea on a good business structures in the U.S for multiple rental properties and an idea of set up costs maybe a contact in New York.
Regards
Frank
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
July 27, 2006 - 10:03 pm
An LLC or CCorp / SCorp will cost between $550USD & $1100 USD dependnant on which State you incorporate the entity.
Remember in most cases you are unable to borrow in the business entity name with a Foreign National member.
Cheers
Richard Taylor
Residential & Commercial Finance Broker
100% Finance on selected properties in the USA.
Email us to be added to our mailing list.
[email protected]
Ph: 07-3720 1888
Richard Taylor | Australia's leading private lender
tonyy21692
Member
@tonyy21692
Join Date: 2003
Post Count: 128
July 31, 2006 - 2:35 am
Hi Frank
PM for a WNY accounant and attorney I have used and can recommend. I do have a NY City contact but they are very very expensive.
Suggest run a search here and on somersoft for structure as one size doesn’t fit all.
Regards
Tony
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
July 31, 2006 - 4:11 am
Before you shell expensive fees to overseas Attorney / Accountants would you not ask yourself:
1) Why do i need to set up the Structure. Tax minimisation or Asset protection.
2) Will i be able to finance in such an entity or am i happy paying cash for the property.
3) Which State will i be purchasing and what State would i form my LLC or C/S Corp. Am i aware of the filing requirements and Annual costs for that State.
Cheers
Richard Taylor
Residential & Commercial Finance Broker
100% Finance on selected properties in the USA.
Email us to be added to our mailing list.
[email protected]
Ph: 07-3720 1888
Richard Taylor | Australia's leading private lender