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Coffee Shop
How to not screw myself/family members in a partnership?
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<blockquote data-quote="cjmc" data-source="post: 1581464" data-attributes="member: 27842"><p>I have considered buying land myself and renting it to the LLC. But then all of the rent I get from the llc is taxed like I made money even though I only broke even after paying the land loan. So I was just curious if anyone on the boards has done something that I haven't considered & made it work.</p><p></p><p>As far as divorce, kids & death goes. I have a prenatal with the wife. The land goes to my brother if I die without children. After kids I'll set up a trust.</p></blockquote><p></p>
[QUOTE="cjmc, post: 1581464, member: 27842"] I have considered buying land myself and renting it to the LLC. But then all of the rent I get from the llc is taxed like I made money even though I only broke even after paying the land loan. So I was just curious if anyone on the boards has done something that I haven't considered & made it work. As far as divorce, kids & death goes. I have a prenatal with the wife. The land goes to my brother if I die without children. After kids I'll set up a trust. [/QUOTE]
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How to not screw myself/family members in a partnership?
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