During the last decade, limited liability companies (LLC) have become a widely used option for acquiring real estate in the United States. Despite the benefits that LLCs offer, they’re not always the best way to carry out real estate transactions. For many investors, the cost of starting and maintaining a company as a means of preventing the effects of lawsuits isn't convenient for their financial interests. Benefits of Purchasing Through an LLC · Protects the owner fr

FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (FIRPTA) What is FIRPTA? It's the Foreign Investment in Real Property Tax Act of 1980. It is a tax law that applies to foreign persons who are disposing of U.S. property. Who does FIRPTA affect? FIRPTA affects all non-resident aliens and foreign companies not considered to be American corporations. From a taxation (tax return) standpoint, when a person who doesn't live in the United States or when a foreign corporation sells a pr