Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

127
Posts
12
Votes
Armand P.
  • New to Real Estate
  • San Mateo, CA
12
Votes |
127
Posts

LLC with a few investors

Armand P.
  • New to Real Estate
  • San Mateo, CA
Posted

Hi

A few investors and myself are going to create an LLC. My question is would the LLC be created in the state in which we will be investing in?

Second, since I live in California and will be investing out of state how could I find out if I'd be subject to double taxation.

Lastly, would each member of the LLC get a copy of a 1099 for profits/loss at the end of the year. If the profits go into the LLC and get disturbed 1/3 what negative impact if any will it have?

I just want to cross my dot my I's and cross my T's b/c I know uncle Sam gets his share somehow...

Thanks!

AP.

Loading replies...