Buying Property As A Business < LEGIT – 2025 >
The initial write-up (LOI) is generally non-binding regarding the final sale but binding regarding:
Explore potential benefits such as corporate-level deductions for mortgage interest, maintenance, and capital allowances. buying property as a business
By holding the property in a business entity, personal assets are shielded from legal claims related to the property. shared ownership through equity
Establishing a "Property Co" allows for easier fundraising, shared ownership through equity, and clear succession planning. buying property as a business
Define whether the property will be self-managed by the company or handled by a third-party firm.