Posted by JHyre in Ohio on July 17, 2003 at 06:17:13:
Owning rental real estate in a C-corporation is a tax disaster (read: 60%+ tax rate!). S-corps are better, but still a bit tax-inefficient. LLCs (or LPs in certain states) are tax neutral (good with rentals) and provide slightly better asset protection.
John Hyre
RE in a corporation - Posted by Joe
Posted by Joe on July 16, 2003 at 14:01:50:
Is it still generally a bad idea to own real estate inside a corproation? I know the laws differ in every state.
It was brought to my attention that it would be a good idea to seperate entities.
It was brought to my attention that a LLC or a Limited Partnership has less liability and a sole proprietorship and a corproation are subject to excessive liability.
In a nutshell, the LLC & the Limited Partnership protect your personal assets.
I’m just looking for some feedback