Canadians investing in United States #5

Author: Financial Awakening Blog

If you still haven’t read Tips for Canadians investing in rental properties in United  States, I highly recommend you to read it first.

I got quite a few message regarding how to choose between LLC and LLP. I decided to add a post regarding this to answer all the questions at once.

Both LLC and LLP are business structures in the United States. They both provide liability to an extend, but in a different way.

Here is a table listed the highlight of LLC and LLP.

For the sake of real estate holding and operating, we should choose LLC instead of LLP. Remember, LLC can be formed with only one member or more. Do not confuse LLC with multiple members with LLP.

Don’t miss it. Subscribe to Financial Awakening Blog RSS Feed now.

If you like my Blog, please click on the Google Plus button and Like Button.

You can also visit my facebook page.

If you are interested in getting effortless passive income, feel free to visit Reliable Property Management Toronto. They will be able to help you.

If you like this topic, you would also like reading

Tips for Canadians investing in rental properties in United  States

How to form a Limited Liability Company LLC part 1

LLC – Articles of Organization

LLC – Operating Agreement

Read more:  Tips for Canadians investing in rental properties in United States | Financial Awakening Blog – Real Estate Passive Income http://financialawaken.com/2012/03/tips-for-canadians-investing-in-rental-properties-in-united-states/#ixzz24I1pB3Y9

Disclaimer: I am not an accountant or tax attorney. There is by no means you should rely solely on my suggestion.

While I have made every effort to ensure that the information contained here is correct and from reliable sources, I do not claim, promise, or guarantee the accuracy, timeliness, or completeness of any content here or any content obtained through the Site. Furthermore, I am not responsible for errors and omissions.

I am not liable for any direct, indirect, incidental, special, exemplary, consequential, or any other damages without regard to the form of any action, including, but not limited to, contract, negligence or other tort claims, arising out of or in connection with the Site, or any content on or accessed through the Site.

All hyperlinks provided on the Site are for informational purposes only and are maintained by third parties that are in no way affiliated with me. Therefore, I make no representations as to the accuracy, completeness, or any other aspect of the information contained and/or obtained from third party websites accessed through hyperlinks.

IRS CIRCULAR 230 DISCLOSURE:  I am to inform you that, unless otherwise expressly indicated, any federal tax advice contained in this communication, including attachments and enclosures, is not intended or written to be used, and may not be used, for the purpose of (i) avoided tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.