Under what legal entity should you purchase a property? With the name of a registered company or personally?
Gaspar Michel
Gaspar Michel
Your future taxes and responsibilities may be affected depending on whether you purchase your new property as a company or buy it personally. An accountant or lawyer can help you select the best option. It's common to see the corporate structure of a Limited Liability Company (LLC) being used the most, at least in the United States, because:
Now, is it appropriate to open an LLC for each property?
If multiple properties are purchased under a single LLC, one property's issues could expose the others. While creating an LLC is not particularly difficult, it's preferable for qualified personnel to handle it as it's not an activity authorized for real estate agents to perform.
Gaspar Michel is a real estate agent in Tulum. I have lived in the Riviera Maya for 3 years and I can help you navigate the pros and cons of each city. I can help you if you are looking to buy a new home for yourself/family, a vacation rental, and/or both. I can help you find your dream home even if you are not a Mexican citizen.
Know in which area to buy a property
As a real estate agent, I can assist you in every step you need to take during the selection of the area.
Know what you need to know about pre-construction property contracts
There are some terms and conditions that are necessary for you to know before purchasing a property off-plan or in pre-construction to avoid issues with the contract you sign.
Property Purchase: How to Avoid Being Scammed?
It's important to be well-informed about the financing processes before starting the procedures to buy a house, to avoid potential scams.
