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Rainmaker
7,789,084
Roy Kelley
Retired - Gaithersburg, MD

The form that best meets the needs of the clients.

May 29, 2016 09:07 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Minnette Olsen - well, this is an attorney question and depends on the owner.

May 29, 2016 04:45 PM
Rainmaker
533,500
Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

ask your lawyer, dont ask real estate peoples

May 29, 2016 02:14 PM
Ambassador
3,727,581
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Get advice from a competent title attorney

May 29, 2016 02:05 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Ask your CPA or your attorney/  A

May 29, 2016 01:46 PM
Ambassador
5,032,806
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Talk to an attorney or your tax professional

May 29, 2016 10:39 AM
Rainmaker
1,088,237
Diana Zaccaro Broker Associate
Tropical Beachside - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Good question for a RE attorney and CPA.

 

May 29, 2016 05:31 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

the ONLY way is via a real estate attorney's guidance....let me repeat; THROUGH THE GUIDANCE OF A REAL ESTATE ATTORNEY....

May 29, 2016 05:04 AM
Rainmaker
1,237,395
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

What does your Utah RE teacher say? 

May 29, 2016 04:27 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

By consulting with an attorney.

May 29, 2016 03:59 AM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Great question for your broker.

May 29, 2016 03:54 AM
Ambassador
6,353,612
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

The best way is to study them and decide which is best for you.

For most people a sole proprietorship is best, as long as you don't have a lot of assets to protect, much easier at tax time.

May 29, 2016 03:41 AM
Rainmaker
5,191,633
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Suggest they talk to a real estate attorney or estate planning attorney!

May 29, 2016 11:23 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

get legal counsel

May 29, 2016 11:18 PM
Rainmaker
5,096,266
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Asked and answered numerous times already here in AR.

May 29, 2016 10:37 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

They should discuss the different forms of ownership with the title company and their attorney.

May 29, 2016 10:15 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Discuss it with counsel and with your escrow officer.

May 29, 2016 07:56 PM
Rainmaker
4,553,397
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It depends on your individual situation and it should be asked of your CPA/tax preparer/adviser.   

May 29, 2016 05:23 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

It depends on the situation and there are many variables.  Consult one or more accountants, lawyers and perhaps other professionals who are knowledgeable about this topic and can give appropriate advice for the relevant jurisdiction(s).

May 29, 2016 10:11 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

That would be ask your buyer agent and or a lawyer to what works best for you beased on the legal definitions.

May 29, 2016 09:19 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Minnette Olsen It's not a matter of choice, but what fits the buyer's situation. We should know the basics of the various types of ownership, but it is ultimately in the buyer's best interest to consult with a real estate attorney.

May 29, 2016 08:40 AM
Ambassador
2,679,189
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

See an Attorney.

May 29, 2016 05:54 AM
Rainmaker
2,775,621
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There is no best way but the way that is best for that person. There are several ways to take title each one performing a function. Know that function

May 29, 2016 04:50 AM
Ambassador
3,382,984
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Speak with a title attorney about what the different ways of holding title in that particular state mean and go from there.

May 29, 2016 03:46 AM