International Partnership

[Daniel Goldsmith]

Hello,

I am a UK citizen/resident who is looking to invest in property within the United States. I have a local partner there who is a US citizen/resident and we would like to go in it together i.e. split the funds, mortgage, costs, etc.

I know there are different structures available such as LLC, LLP, LP and a plain partnership, and wanted to know what the benefits and disadvantages are of each regarding things like taxes, liability, etc. Keeping in mind that we need a mortgage and that one of us is a non-US citizen.

Many thanks for your help.