Use A Limited Liability Partner With A Corp?!?
Ok, so I was talking with a couple (both investors) who they use the following setup for tax strategies and limited liability.
They formed a nevada Corporation, so the shareholders don't have to be public information. Now they do their real estate business in New Jersey. For each property they own, they create a limited liability partnership with their nevada Corp.
Why do they do this?!? Is this a smart way to setup your business?!? Or is it just as good to hold each property in a seperate LLC?!?
Any thoughts/comments/etc?!?
Thank you,
[addsig]
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