This Blog has been set up to share experiences of Canadians buying, holding and renting out real estate property in the United States. URL is CanadiansWithUSProperty.blogspot.com
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We are not professionals, nor should any of the content here be used without professional validation to make decisions for your situation. Since entries appear with the most recent on at the top, if you would like to read in a chronological order start at the bottom.
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- Current copy of detailed notes
- A sample accounting spreadsheet we use instead of costly accounting software
- A sample Statement of Qualification and Operating Agreement for an LLP
Thanks and good luck with your property!
Thursday, January 26, 2012
LLP versus LLLP - More information
A reader sent me this link. I found it quite informative. Thanks Rob! http://www.hatcherstubbs.com/documents/BRC-ArticleLLPorLLLP.PDF
Thank you for posting this pdf! I was not aware of an entity like the LLLP. The conversion of LP to LLLP could solve a great many issues in one of my personal businesses.
Gord and Brenda are Canadians residing in Calgary, Alberta. We purchased a single family dwelling in Phoenix in 2009; a second one in 2010; and a third in July 2011. The purpose of this Blog is to share the experience and to provide a forum for others who have experience to comment as well. Please note that we are not accountants or tax professionals, nor do we have ANY relevant credentials. You should seek your own legal, accounting and tax advice.
Great thoughts you got there, believe I may possibly try just some of it throughout my daily life.
ReplyDeleteLLP Registration Service
Thank you for posting this pdf! I was not aware of an entity like the LLLP. The conversion of LP to LLLP could solve a great many issues in one of my personal businesses.
ReplyDelete