Using A Limited Partnership (LP) VS A Corporation

Topics Discussed in this Report 

USING A LIMITED PARTNERSHIP (LP) VS A CORPORATION

WHICH ENTITY TO USE FOR THE LP GENERAL PARTNER 

STRATEGIES WHEN USING A CORPORATION AS GP

HOW TO USE AN LP FOR DEALER-FLIPPERS

PROPER LP FORMATION AND FORMALITIES

IF THE LP SHOWS TAX LOSSES, LIMITED 

PARTNERS ARE SUBJECT TO PASSIVE LOSS LIMITS 

ON INVESTOR-RENTAL LOSSES – DON’T USE

LLC’S WITH TWO CLASSES OF OWNERSHIP 

(MANAGING AND LIMITED) COULD BE USED AS A 

DEALER ENTITY INSTEAD OF AN LP

IMPORTANT REMINDER: INVESTOR VS. DEALER 

IS NOT A BLACK & WHITE ISSUE

IMPORTANT REMINDER: INVESTOR VS. DEALER 

IS NOT A BLACK & WHITE ISSUE