Hopefully another quick question. So I have an umbrella company which holds multiple child companies which all hold real estate. I want to setup a partnership but am debating whether I should use my personal name or my umbrella company as my half of the partnership. This partnership will also only hold rental properties.
Advantages of using umbrella company as partner:
- I can use my umbrella company credit card and bank account to more easily transfer funds and make purchases
Disadvantages of using umbrella company as partner:
- If the partnership gets sued, my umbrella company is liable so I could potentially loose everything under the umbrella
I'd like to hear your opinions. Thanks!!