Skip to content
Tax, SDIRAs & Cost Segregation

User Stats

15
Posts
2
Votes
Gurpy Ont
  • Investor
  • Brampton, ON
2
Votes |
15
Posts

Hold a LLC in a Limited Partnership

Gurpy Ont
  • Investor
  • Brampton, ON
Posted Jun 18 2017, 09:15

We (Canadian and US partner) are buying rental property in US. We formed an LLC, but it will result in double taxes, since LLC, LLP, LLLP are not considered partnership in Canada.

Is it ok to transfer the ownership of this LLC to a Limited/General partnership. Are there any issues to be aware of, besides additional paperwork.

Final structure would look like: Partners --> LP --> LLC --> property.

Loading replies...