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how do you setup multiple entities without - http://www.dealmakerscafe.com Forums

Original message

STEVE

"how do you setup multiple entities without" , Mon 23 Apr 20:50

how do you setup multiple entities without have a lot of different bank accounts and ton of paperwork to track? if i have one llc, one limited partnership, and a c corp, which one do i use for contact with the general public? -STEVE

Replies:

dealmaker
Moderator

"Re(1):how do you setup multiple entities with" , Mon 23 Apr 20:55

If I am understanding you correctly, the C-Corporation is the one that will be your public entity. You will only need one bank account for the C Corporation. It will be selected by your LP & LLC to manage its properties. Everything will pass through the C-Corporation's account.

Do not let the C-Corp own any assets. Your C Corporation will be the entity you use for the advantageous tax deductions. This will be discussed in detail in the Inner Cirlce.

Dealmaker