There's a very simple reason why real estate tends to be held in limited partnerships rather than corporations and that reason is the corporate profits tax.

人们之所以,通过有限合伙的形式来持有商业房产,而不是以公司的形式来持有商业房产,其原因非常简单,那就是公司利润税

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Corporations are taxed on their profits and DPPs are not.

公司需要上缴利润税,但DPP不需要

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You want, if you are setting up an organization to hold real estate, you want to do it, if you can, as a DPP because you don't want to pay those taxes.

如果你要成立一个组织,来持有商业房产,那么你就尽可能选择DPP的形式,因为这样你就不需要支付利润税了

耶鲁公开课 - 金融市场课程节选