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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Why do most of the pros take title as an LLC at the sales... Posted by Mark on November 12, 2009 at 5:45 PM In Reply to: Why do most of the pros take title as an LLC at the sales... posted by Minnie Me on November 10, 2009 at 4:12 PM From what I've seen, the LLC is the prefered holding entity for moderate to large volume TS buyers, probably due to the simple structure and withholding avoidance. I use an LLC. I HATE the fees I have to pay CA for the "privilege" of doing business in CA, but, at some point, I can't get that caught up in the annual 12k in fees. Also, My IRA investors have a much easier time with the LLC structure. BTW, most DO NOT transfer out. As Rick said, reverse engineer some and you'll see they hold in the LLC until the resell. That's my research, and I'm sticking to it. :) I love Ward's Trust implemenation and would prefer that if there was a simplier way around the witholding mess. Ward has explained the workaround to me several times and my eyes just glaze over. (sorry Ward) It comes down to 'what works for you'. Good question and good luck working it out for yourself. Mark Follow Ups: Re: Why do most of the pros take title as an LLC at the sales... Rick, the Probate Guy 10:58 AM, 11/13/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : From what I've seen, the LLC is the prefered holding entity for moderate to large volume TS buyers, probably due to the simple structure and withholding avoidance. I use an LLC. I HATE the fees I have to pay CA for the "privilege" of doing business in CA, but, at some point, I can't get that caught up in the annual 12k in fees. Also, My IRA investors have a much easier time with the LLC structure. BTW, most DO NOT transfer out. As Rick said, reverse engineer some and you'll see they hold in the LLC until the resell. That's my research, and I'm sticking to it. :) : I love Ward's Trust implemenation and would prefer that if there was a simplier way around the witholding mess. Ward has explained the workaround to me several times and my eyes just glaze over. (sorry Ward) : It comes down to 'what works for you'. Good question and good luck working it out for yourself. : Mark [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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