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Goals, Business Plans & Entities

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Allan L.
  • Real Estate Investor
  • Bellevue, WA
4
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36
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Which entity works? Starting RE Business with Mom

Allan L.
  • Real Estate Investor
  • Bellevue, WA
Posted May 27 2015, 16:27

Hello. My mom and I want to start a real estate investing business. If she were to put in 100% of the capital but wants me to have 49% ownership and 10% of profits, what business entity should we chose and would there be issues with taxes since I'm essentially receiving a monetary gift.