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Choice of Entity For Real Estate Ownership in Massachusetts

By Doug Cornelius

William V. Hovey published his regular column in Massachusetts Lawyer's Weekly: Choosing the Best Real Estate Holding Entity.He discussed the entities in this order:IndividualTenants in CommonJoint TenantsTenants by the EntiretyTrust - Standard with named beneficiariesNominee TrustMassachusetts Business TrustCorporation (C corp)Corporation (S corp)General partnershipLimited partnershipJoint ventureLimited liability partnershipLimited liability companyThis is a good outline of the issues. But I think Mr. Hovey is little off base on a few points. First, a joint venture is not an holding entity and has no place in the list. Several of the other types are not entities, but they at least ownership choices.Second, he states that limited partnerships are "likely to be replaced by LLCs and LLPs...continue to full post

Full post as published by Real Estate Space on June 30, 2008 (boomark / email).