I would say an LLC. It can be problematic to get an LP interest holder basis otherwise on debt taken out on the development.
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What kind of entity is best when creating a personal or syndicated QOF?
What kind of entity is best when creating a personal or syndicated QOF?
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LLC taxed as a partnership.
You can't go wrong with an LLC. It maintains tax flexibility and protects you from liability. Unless special circumstances apply, the LLC should be taxed as a partnership.
I like to use a limited partnership for the fund and then the funds own LLC Qsubs.
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