Posted: 21 January 2010 at 4:59pm | IP Logged

Hi from Puerto Rico..

My parents, brother and I are thinking of putting together our money and starting a Real Estate Holding Company in Puerto Rico. The company would originate in PR, is this OK even though my parents and brother are living in New Jersey?  How will this effect the company or tax payments; our my parents, brothers taxes?  The idea is to purchase and rent houses in PR, is a Holding Company the best way to do this?  The way I see it, under a corp. we would have 25% ownership each (4 of us).  Hey familly has to stick together...

Any suggestions?

Javsal

Puerto Rico