C-Corp for Florida property
Asked by: Sumeet Gupta - 12 July, 2013
I am a resident of India and I want to buy a property in US (Florida) so I am thinking to open a C-CORP. Is it ok ?
I am a resident of India and I want to buy a property in US (Florida) so I am thinking to open a C-CORP. Is it ok ?
Answered by: Ray Albert - 12 July, 2013
Sumeet,
You should certainly register a company in Florida to act as holding entity for your property.
In many cases with real estate/property holding, an LLC can be more practical than a Corporation for a number of reasons, including tax structure and annual maintenance. You can click here to compare LLC vs. Corporation side-by-side.
You may even decide you want to register a holding company (a company to register and own other companies whom own the assets). I'd like to invite you to a question answered by my colleague Lloyd titled 'LLC Real Estate Purchase', I believe you would find this article to be very helpful and informative.
Sumeet,You should certainly register a company in Florida to act as holding entity for your property.
In many cases with real estate/property holding, an LLC can be more practical than a Corporation for a number of reasons, including tax structure and annual maintenance. You can click here to compare LLC vs. Corporation side-by-side.
You may even decide you want to register a holding company (a company to register and own other companies whom own the assets). I'd like to invite you to a question answered by my colleague Lloyd titled 'LLC Real Estate Purchase', I believe you would find this article to be very helpful and informative.
