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Can an LLC I fully own be the GP on a real estate deal?
Hi there, I'm looking to set up a syndication for US real estate with some Canadian partners. They would be LPs. However they cannot own LLCs directly (or should not as they would be double taxed). They need to be direct LPs in the property. Can I then as the GP form an LLC to be the GP to protect against liabilities? Would bank lenders have an issue with this?