Call Us Now: +1 (877) 330-2677 Live Chat: ONLINE NOW            
https://d25eic0jctudgb.cloudfront.net/images/site/general/answers-to-answers-8743d0241f5d8c2c996225efe2063f89
https://d25eic0jctudgb.cloudfront.net/images/site/headlines/articles.jpg-5fa541d76bf4be9016b1176147b3bc96

Canadian investing in real estate in the US

Asked by: Aline - 17 January, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Hi! I'm a Canadian and I want to start a business in real estate in Florida. I was told that a LLP is better than a LLC and that I do not need a EIN. Is this right? We are two in this business. Thank you for your time.
Answered by: Robert Kowalski - 19 January, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/35.jpg-687fc92d5f6c5febcbdccb6895b08b8c Dear Aline,

I haven't heard about any special benefits of using LLP for real estate (as opposed to using an LLC), however this article has great review on why LLC is better than LP when used to hold rental investment properties.

As far as EIN goes, since its two partners (and I presume both are non-US persons) you would probably need to obtain an EIN for your new company after all.

Comments:

We Want To Connect With You!

Social Media is increasingly the preferred method for businesses to connect with their clients, peers and customers. We are dedicated to share information and useful tools to help you grow your business.

Like us on Facebook, follow us on Twitter, and let's begin the exchange to Help Grow America One Business at a Time - starting with yours!

https://d25eic0jctudgb.cloudfront.net/images/site/general/payment-methods-footer-052a63251a379d6e5ece1801f07470fc Official PayPal Seal SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment