Save the most taxes - LLC, LLP, JV and REIT

[Maria]

Which business formation can we save the most government taxes?

[veritas]

Kinda cryptic Maria.

I assume you are talking about real estate? How about a few more details.

[Bees Knees]

If there was one answer to your question, there would only be one business formation, as everyone would figure out all others cost more money and nobody would be any of the others.

It all depends on your circumstances. There is no answer without knowing the details.

[S T]

There could be Many Questions

But to start with, What State is the business operating in, what State do the partners/members/shareholders reside in, and what are the business operations?? Who is forming the entity, husband and wife vs a one or more or group of individuals?


Sandy

[jainen]

It also depends

It also depends on how income is structured, such as what accounting method and year are being used, and whether there is a profit (and how much) or loss.

An even large group of questions involve non-tax issues. For example, one form may save taxes but have higher costs of borrowing or liability insurance.