Simple Trust Taxation
by chpn, Performer
- Created: August 23, 2010, 6:03 pm
I have just registered my Australian based company with Florida state as LLC. My company is trustee for my family trust (i.e probably called simple trust in US). I would like to acquire the properties under my Trust name, therefore
1) should I also need to registered my Trust with Florida state as well? (or just register my company name is sufficient?)
2) should I apply for EIN number for my Trust instead of my company?
3) Is it better to buy properties under LLC rather Trust?
That's is the structure I have set up in Australia. Such that all income will need to distribute to the beneficiaries and tax at their own tax bracket. So my company don't have a tax number (i.e EIN) but my Trust do.
Can anyone please shine some lights on this topic for me.
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