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Updated over 2 years ago on . Most recent reply

Rick Figurasin's profile image
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Rick Figurasin
  • Member since Jan 1, 2023
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Rick Figurasin's profile image
Rick Figurasin's profile image
Rick Figurasin
  • Member since Jan 1, 2023
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Rick Figurasin
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Legal & Legislation

wife & I investing in property with her sister. one single LLC or two separate LLCs?

Rick Figurasin
Posted

Hi! 

My wife and I are investing in a property in Florida with her sister. Is it better to have a single LLC with the three of us or are two separate LLCs better (wife and I as one, sister as the other). We're not sure if there is a benefit from a legal/tax perspective.

How would that work in terms of reporting/paying for taxes?

Thanks!

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