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LLC v. LLP
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Date: July 29th, 2012 8:12 PM
If someone wanted to form an investment vehicle with a friend or family member solely for the purpose of acquiring assets (be it real estate, equities, etc.) what would make more sense, an LLC or LLP, and why?
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Date: July 29th, 2012 8:18 PM |
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Date: July 29th, 2012 8:18 PM |
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Date: July 29th, 2012 9:49 PM |
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Date: July 29th, 2012 8:22 PM
IANAL |
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Date: July 29th, 2012 8:32 PM |
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Date: July 29th, 2012 8:32 PM |
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Date: July 29th, 2012 8:41 PM |
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Date: July 29th, 2012 8:48 PM |
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Date: July 29th, 2012 8:52 PM |
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Date: July 29th, 2012 10:13 PM |
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Date: July 30th, 2012 12:33 PM |
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Date: July 30th, 2012 12:57 PM |
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Date: July 30th, 2012 1:04 PM
some states impose taxes on an LLC's gross income which make the structure less efficient. however the upside of an LLC is limited liability for everybody, including the manager.
in an LLP there might not be limited liability for the GP. also LLPs are not recognized by every state and some reserve it for professional associations only.
might think about a simple limited partnership. Delaware LPs are the most common investment entities, but the GP has unlimited liability. you can set up a DE LLC to be the GP to shield yourself, but that's another entity you have to pay fees for annually. |
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Date: July 30th, 2012 1:12 PM |