Partnership llc vs tenant in common

[Jasmine C.]

Hello. I’m purchasing a single tenant commercial building and my cpa said I should purchase the building as 50/50 separate ownership like tenant on common vs a partnership llc because it’s easy to sell and he can do our taxes as a single member llc. Is this common to purchase a building this way? Pros and cons?

[Taylor L.]

It sounds like you're purchasing the building with a partner or partners? Who is involved in the deal?

@Scott Smith may be of great help on this topic!