pixelrogue1
Junior Member
@Taxing Matters
Schedule K: Would the LLC file taxes at a different point during the year? When would the owners receive the Schedule K?
Parent LLC:
Bank requires independent LLC for lending purposes. We have an LLC we could use as the parent LLC.
Parent LLC owned by both husband/wife.
- Child LLC in wife's name / wife backing mortgage personally
- Child LLC in husband's name / husband backing mortgage personally (possible side nuance ~ 1031 exchange)
How would one get LLCs under the parent LLC (w/o refiling, transfer fees etc.,lending company involvement etc?)
Schedule K: Would the LLC file taxes at a different point during the year? When would the owners receive the Schedule K?
Parent LLC:
Bank requires independent LLC for lending purposes. We have an LLC we could use as the parent LLC.
Parent LLC owned by both husband/wife.
- Child LLC in wife's name / wife backing mortgage personally
- Child LLC in husband's name / husband backing mortgage personally (possible side nuance ~ 1031 exchange)
How would one get LLCs under the parent LLC (w/o refiling, transfer fees etc.,lending company involvement etc?)