LLC’s Have Great Money-Saving Benefits, But Most Are Worthless!
Before telling you why, first the “Potential” Power of LLC’s for real estate...Limited liability companies (LLC’s) are powerful entities because they have all of the legal benefits of a corporation; yet all of the excellent tax advantages of a general partnership; yet avoid the legal disadvantages of a general partnership and avoid the tax disadvantages of C-corps, S-corps and limited partnerships. They also avoid much of the legal complexity of corporations and limited partnerships. In short the best of all worlds...unlike any other entity.
