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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Which Entity to form. Posted by Travis-CA on June 12, 2003 at 2:39 PM Hi Ward, I read that you use a (single member?) LLC as trustee of the title holding trust, and deed the property to a Joint Venture prior to resale to sidestep CA 3.3% withholding tax. questions: 1) if the trustee was an Multi-Member LLC would this exempt the THT from the withholding tax? 2) what advantages do you gain by using an LLC rather than an s-corp which has been around for a much longer time. (my CPA recomends against LLC's because they are still fairly new) 3) do you use the LLC solely for acting as a trustee and conduct normal business under a different entity? Thanks, Travis Follow Ups: Here's how we handle it.. Ward-CA- 3:44 PM, 06/12/03 (2) Re: Here's how we handle it.. JamieM-CA 10:03 AM, 06/13/03 (1) We're presuming lawful activity... Ward-CA- 11:32 AM, 06/13/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward, : I read that you use a (single member?) LLC as trustee of the title holding trust, and deed the property to a Joint Venture prior to resale to sidestep CA 3.3% withholding tax. : questions: : 1) if the trustee was an Multi-Member LLC would this exempt the THT from the withholding tax? : 2) what advantages do you gain by using an LLC rather than an s-corp which has been around for a much longer time. (my CPA recomends against LLC's because they are still fairly new) : 3) do you use the LLC solely for acting as a trustee and conduct normal business under a different entity? : : Thanks, : : Travis Optional Link URL: Link Title: Optional Image URL: [ 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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