Purchasing a property through a company or under your own name

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Partnership Realty Inc

Date Published: 2017-02-02

Your future taxes and liabilities may be affected if you buy your new property with a company or buy under your own name. An accountant or lawyer can help you select the best option. It is common to observe that the use of an LLC (limited liability company) is the most frequent due to:

  • This protects the owner of possible lawsuits related to the property.
  • Allows you to deduct the expenses generated by the property.
  • It allows owners to avoid double taxation.

Now, is it appropriate to create an LLC for each property?

If there are several properties purchased with a single LLC, one property could expose the others. The suggestion, decision and creation of an LLC type company does not present any difficulty, however, it is preferable that it be carried out by qualified personnel and it is not an activity that a Real Estate Agent is authorized to perform.

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