October 24, 2017 at 4:33 pm #111823
Hi Evan i really enjoyed reading your article. However i cant find especific information about shared businesses. Eg i iwn a coubseling business and i purchased a commercial real estate space. What makes more sense financially in terms of taxes and profit? It is important to keep in mind my counseling business will be paying rent to the real state one. So how should i proceed?
1) have counseling business rent all condo office space and then sublet space which would then means my counseling business would be doing two things: counseling and rental of office space
2) or have counseling business rent only portion of condo and then have sublease of the rest of the space under the real state business?
What are the pros and cons if these options
I know it is a complicated question but trying to start doing things right
Thank you bery much in advance
IsabelOctober 24, 2017 at 5:03 pm #112687
Hi Isabel. Allison here, I’m a real estate investing writer. Thank you for reading the article and for your comments. We don’t have any specific articles on that topic on our site but here are a few ones that should be helpful: http://smallbusiness.chron.com/share-retail-space-44231.html
It’s also a good idea to consult with your accountant and real estate attorney so they can advise you on which scenario makes the most sense for your counseling business and your commercial real estate business. It will also depend on how your businesses are set up S Corp, LLC etc.