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May 25, 2012, 06:51:56 AM

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Real Estate Investing Forums  |  Real Estate Investing  |  Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Forming an LLC « previous next »
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TMCG
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« Reply #15 on: May 14, 2007, 10:06:05 PM »

the whole issue of "To LLC or not to LLC" boils down mostly to the investor.  if you don't know what you're doing...THEN DON'T DO IT until you're "ready"...now i put "ready" in quotes because that's a relative term.

the bottom line is..when you're ready, you'll know when that is.  YOU have to be the best judge of that. 

you'll also know which entity will be best. 

our next investment is going to be through a Limited Partnership, with the LLC has the general partner...but that's OUR investment strategy...

to each his/her own.
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SeattleCPA
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« Reply #16 on: May 15, 2007, 08:14:55 AM »

Boy I definitely agree with theh statement to hold off on doing something until you know what you're doing. I see people in my office all the time (often real estate investors) who've gone off and created a real accounting nightmare because they applied the solution to someone else's problems to their own situation.
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Steve, Seattle CPA
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Real Estate Investing Forums  |  Real Estate Investing  |  Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Forming an LLC « previous next »
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