All Forum Posts by: Stephen A. Miner IV

Good evening everyone, my business partner and I are currently working on our accountability in writing as well as some careful planning with the structure of our LLC. What I'd like to know is, is it possible to create a trust owned LLC structured like an S corp where the trust is the entity that controls the business leaving it so we do not have to form a LLP and therefore not being "members" and being taxed into our personal incomes? I would like the protection of a LLC but still being able to work together with my partner on projects. I suppose I'm a little confused on what we should do to keep taxes and profit split simple as can be. Should we just open two individual trust owned LLC's. We have yet to consult an attorney, I just wanted to hear what the BP family has to think. Thanks in advance!

Good evening everyone, my business partner and I are currently working on our accountability in writing as well as some careful planning with the structure of our LLC. What I would like to know is, is it possible to have a trust owned LLC structured like an S Corp where the trust is the entity controlling the business leaving it so we do not have to form a LLP therefore not being "members." I would like the protection of a LLC but still being able to work together with my business partner on projects. I guess I'm a little confused on what we should do to keep taxes and profit split simple. Should we just open two separate LLC's with trusts that we own individually? We have yet to consult an attorney yet, I wanted to get the opinion of the BP family.

@Jerryll Noorden so question, a wholesaler has no need for a RE agent or a RE license themselves? Just a cash buyer, transparency, great marketing, a good lawyer/title agent and a drive to be the best?