§1.1 - Introduction

• Jurisdiction: Washington

§1.1 INTRODUCTION

Often, one of the first issues faced by parties in a real estate transaction is the choice of the form of business entity they will use to acquire, own, operate, lease, and/or manage the real estate involved. This chapter summarizes the most important factors in making that choice and compares the advantages and disadvantages of the most common forms of business entity with respect to each of those factors.

This chapter will consider the advantages and disadvantages of general partnerships, limited liability partnerships (LLPs), limited partnerships, corporations (including S corporations)...