Well an LLC is limited Liability Corp. a business entity. a private investor I would take to be someone that I have on the side who is investing money into a project that I have going on. The first is an entity, the second is person. Does that help?
Is there any tax benefits like capital Gain?
I just sold a home and i had to pay a lot on Capital Gain. Do you think if it was LLC would be less?
Thanks for your help.[ Edited by RICHARD613 on Date 05/07/2004 ]
Well I am no xpert in the matter but I would imagine probably not. An LLC is whats called a pass through corp. It gives you some great liability protection benefits, but everything else like taxes,capitol gain passes through to the owner(s) of the LLC
Well an LLC is limited Liability Corp. a business entity. a private investor I would take to be someone that I have on the side who is investing money into a project that I have going on. The first is an entity, the second is person. Does that help?
Is there any tax benefits like capital Gain?
I just sold a home and i had to pay a lot on Capital Gain. Do you think if it was LLC would be less?
Thanks for your help.[ Edited by RICHARD613 on Date 05/07/2004 ]
Well I am no xpert in the matter but I would imagine probably not. An LLC is whats called a pass through corp. It gives you some great liability protection benefits, but everything else like taxes,capitol gain passes through to the owner(s) of the LLC