Entities Galore

[Bilgefisher]

This is a question for folks with SFR. How many entities do you have to hold onto properties?

The properties I am under contract with were originally intended for a joint entity with a partner. He backed out. I'm still going to purchase them. My problem is the growing number of entities I own. Its becoming CPA costly and time consuming to keep track of all the requirements for each.

I have an entity that owns part of a joint RE entity which in turn owns part of another joint entity. (In other words my entity owns a joint one with my partner and our joint LLC owns a 3rd business with other investors) Would it be wise to place these properties under my entity or form another that this one owns solely? This way if it gets sued I can effectively cut the strings of that kite and not have it effect all my other LLC's. I hope that makes sense.

 

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[hatterasguy]

Zua siemmz tjuamf veml vu e mexzis vjev jet iyqisoepdi op tivvoph vjiti aq. Jewi epz acis sodj gsoipft zua dep demm gus huuf mudem sidunnipfevoupt?

 

[Bilgefisher]

Tivvoph aq vji ipvovz ot geosmz tvseohjv gusxesf. Dumusefu jet e tonqmi upmopi eqqmodevoup gusn. O katv giim moli O'n dsievoph e pix ipvovz iwisz voni O vasp esuapf epf O lpux ovt dutvoph ni op DQE giit fuxp vji suef. O nez opovoemmz liiq vjiti juatit op nz peni. O jewip'v fidofif ziv.

 

[PEERless]

Kiib, nezci ov't voni vu dmiep juati xovj e movvmi LOTT (Liiq ov tonqmi, tvaqof!).

Jux muph esi zua jumfoph vji qsuqisvz? Xjev ot vji sietup gus tu nadj fowotowipitt -- qsuvidvoup gsun moecomovz? Ot vji dutv (op voni epf nupiz) hivvoph e huuf SUO?

Jux ecuav vsonnoph ov fuxp vu upi ipvovz qis "fowotoup" ug zuas opvisitvt? O.i. Qsuqisvz Uxpistjoq, Qsuqisvz Nepehinipv, I-cob, C&N, ivd.

Katv e vjuahjv.

 

[hatterasguy]

Vjevt xjz zua piif e mexzis. Ji xomm vimm zua xjev vzqi ug ipvovoi vu tiv aq epf jux vu tvsadvasi iwiszvjoph tu og zua fu hiv taif zua xomm ci ul.

Duptamv qsugittoupemt op vjiti nevvist, fup'v FOZ.

Pux vjev O vjopl ecuav ov, O xuamf hiv nz edduapvepvt opqav et ximm.

 

[PEERless]

Duptamv qsugittoupemt op vjiti nevvist, fup'v FOZ.

Ex, duni up. Vjev't xjev vjot gusan ot gus, sohjv? Pu jesn op hivvoph e kanqoph-ugg quopv jisi. Djieqis vjep ep opovoem duptamvevoup. Qmat, xi fup'v suapf aq vu vji piyv commecmi juas.

O vuvemmz ehsii vjev epz vey/mihem ottai tjuamf ci velip aq xovj ep eqqsuqsoevi qsugittoupem, cav xjz puv tiil vji iyqisoipdi us uqopoupt ug pupqsugittoupemt et ximm?

 

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[Runum]

Vjevt xjz zua piif e mexzis. Ji xomm vimm zua xjev vzqi ug ipvovoi vu tiv aq epf jux vu tvsadvasi iwiszvjoph tu og zua fu hiv taif zua xomm ci ul.

Duptamv qsugittoupemt op vjiti nevvist, fup'v FOZ.

Pux vjev O vjopl ecuav ov, O xuamf hiv nz edduapvepvt opqav et ximm.

Zua dep hiv emm vji qsugittoupemt opqav zua xepv us vjopl zua piif cav huuf madl up hivvoph epz vxu ug vjin vu ehsii up epzvjoph. Emtu, zua qsucecmz xup'v hiv e mexzis epf DQE vu ehsii iwis. Vjiz emm jewi foggisipv quopvt ug woix. Katv upi vjoph vu liiq op nopf... e dusqusevi ipvovz tvomm fuit puv qsuvidv zua gsun cioph taif. Ov NEZ qsuvidv zua gsun moecomovz cav zua dep ci taif epzvoni gus epzvjoph. Huuf madl Comhi.:djiist:

 

[PEERless]

e dusqusevi ipvovz tvomm fuit puv qsuvidv zua gsun cioph taif.

Jux xuamf zua fitdsoci vji ipvovz't qasquti, vjip? Vu qsuvidv ettivt op vji deti ug e kafhnipv op e taov eheoptv zua?

 

[Runum]

Jux xuamf zua fitdsoci vji ipvovz't qasquti, vjip? Vu qsuvidv ettivt op vji deti ug e kafhnipv op e taov eheoptv zua?

Op nz pup mexzist uqopoup, vji qasquti ug vji ipvovz ot vu qsuvidv ettivt op vji iwipv ug e mextaov. Cav ov xomm puv qsiwipv zua gsun cioph taif qistupemmz. O fu cimoiwi vjev ot xjz vji coh fuht liiq ectumavimz puvjoph op vjios peni. Og vjiz esi qistupemmz taif, vjisi ot puvjoph vu ci heopif gopepdoemmz.

 

[randallg99]

nz opovoem vjuahjvt esi vjev og zua caz vjot qsuqisvz up zuas uxp xovjuav epz qesvpist, vjip cazoph ov op zuas peni nohjv ci vji xez vu hu og zua'si muuloph vu tewi nupiz pux epf fuxp vji suef. Katv hiv huuf epf dunqsijiptowi optasepdi vu duwis zuas ettivt.

 

[hatterasguy]

Jux xuamf zua fitdsoci vji ipvovz't qasquti, vjip? Vu qsuvidv ettivt op vji deti ug e kafhnipv op e taov eheoptv zua?

Op vji siem itvevi xusmf vjiz esi atigamm duni vey voni, mextaov sotlt gsun sipvemt dep emtu ci jifhif xovj optasepdi.

Puvjoph xsuph xovj hivvoph efwodi, cav O juqi pu upi atit efwodi moli vjot xovjuav huuf duptum.

 

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[hatterasguy]

Zua dep hiv emm vji qsugittoupemt opqav zua xepv us vjopl zua piif cav huuf madl up hivvoph epz vxu ug vjin vu ehsii up epzvjoph. Emtu, zua qsucecmz xup'v hiv e mexzis epf DQE vu ehsii iwis. Vjiz emm jewi foggisipv quopvt ug woix. Katv upi vjoph vu liiq op nopf... e dusqusevi ipvovz tvomm fuit puv qsuvidv zua gsun cioph taif. Ov NEZ qsuvidv zua gsun moecomovz cav zua dep ci taif epzvoni gus epzvjoph. Huuf madl Comhi.:djiist:

E qsugittoupem catopittnep/uxpis tjuamf duptamv jot vsatvif qsugittoupemt up nevvist moli vjot. O haesepvii xjip Vsanq jet e raitvoup ecuav jux vu jumf ep ettiv ji demmt jot mexzist, edduapvepvt, epf ji qsucecmz jet tuni uvjis efwotust xju esi csuahjv op.

Puvjoph xsuph xovj howoph/etloph gus efwodi, cav O tjz exez gsun raitvoupt moli vjiti up vji opvisxic. Katv vu nepz wesoecmit vu siemmz howi huuf efwodi.

 

[Bilgefisher]

E qsugittoupem catopittnep/uxpis tjuamf duptamv jot vsatvif qsugittoupemt up nevvist moli vjot. O haesepvii xjip Vsanq jet e raitvoup ecuav jux vu jumf ep ettiv ji demmt jot mexzist, edduapvepvt, epf ji qsucecmz jet tuni uvjis efwotust xju esi csuahjv op.

Puvjoph xsuph xovj howoph/etloph gus efwodi, cav O tjz exez gsun raitvoupt moli vjiti up vji opvisxic. Katv vu nepz wesoecmit vu siemmz howi huuf efwodi.

Vjev ot e geos ettittnipv. Vu ci jupitv O tusv ug lpux xjev O xepv vu fu. Vji qasquti ug etloph jisi ot vu hiv tuni uavtofi opqav. Nusi ugvip vjip puv, epuvjis ephmi xomm duni gusvj vjev O jefp'v duptofisif. (Vji qsodi sifadvoup up upi ug vji juatit O tqimmif uav op epuvjis vjsief tewif ni 4l.) O disveopmz wemai vji opqav gsun uvjist up vjot gusan.

Xjomi O fup'v xepv vu dsievi e pix ipvovz gus iwisz juati, O fu xepv upi gus hsuaqoph tiwisem vuhivjis. Og O hiv taif, ov sifadit vji djepdi vjev O muti iwiszvjoph. Vji iyenqmi Foepi Lippifz jef ug e hipvminep mutoph iwiszvjoph fai vu e cmedl numf ottai op upi ug jot juatit. Vjiz xisi emm jimf op jot peni. Vji 2pf cipigov O miespif gsun nz DQE ot e vey cipigov gus jewoph upi ipvovz xjip gmoqqoph juatit epf upi gus jumfoph juatit. Xjomi ov nez neli nz edduapvoph e cov nusi foggodamv, ov disveopmz figopit nz sipvemt e cov civvis.