Quote:
Originally Posted by peteuk
Hi Allin,
Thanks for your reply.
I've looked at LLP's, but I've always thought they were a bit fiddly and would put people off. Probably private loans would be the way to go in that case.
If you have discover anything with your reasearch on how best to proceed I'd appreciate it if you would post your findings.
Regards,
Pete
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I agree, some people would be put off by having to become a member of an offshore LLC or an onshore LLP and whatnot.
It all depends if you want to keep this strictly "onshore" or offshore. I'm not sure where you're located but if you're located in the United States and you were to take third party deposits and invest that in real estate deals that would constitute selling unlicensed securities from my limited knowledge.
Perhaps you may want to look into REITs (Real Estate Investment Trusts)
Real estate investment trust - Wikipedia, the free encyclopedia
I'd suggest you consult with a corporate lawyer or company formation specialist on that matter.
A completely tax free option would be to setup an IBC and acquire a financial services license (I think Panama offers such a financial license for a pretty small fee).
You mentioned that these real estate deals would be happening in Brazil so just maybe (after you consult a specialist) an IBC + proper financial services license would be a good way to go. This would allow you to take in third party funds easily.
Once again the disclaimer is that I'm not a 'licensed professional" and you should of course try to find one to get some advice.
Take care
