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  1. Hi Idan Narotzki
    The benefits of LLC are the option of limiting liability and asset separation. That is, limiting liability is a legal divide that if there are claims it is against the company and not against you personally. Separating assets, ie if there are claims or losses then there is a partition that separates you from reaching your assets outside the company. The disadvantage of establishing an LLC in your case is high reporting costs. The LLC report costs several hundred dollars and also an annual report for each partner in the LLC will cost several hundred dollars. Therefore, what you can do for starters is either buy without an LLC or alternatively buy with an LLC and a single owner, and later when you purchase more assets you will change the ownership vehicle accordingly with more partners. This can be backed up by a legal agreement between you. Here is a comprehensive explanation I wrote on this topic:
    https://nadlanir.co.il/llc-%D7%90%D7%A8%D7%A6%D7%95%D7… /

    There is also a gray area to this subject, if you would like then contact me in detail and explain to you.

  2. Good morning, I see no reason in this case to establish LLC. This is your first property and setting up an LLC will put you in unnecessary expenses. Register the property on your first name.
    There is no problem in registering 3 people on one property, the percentage distribution will be in an internal document between you.
    If there is a fear of lawsuits, make sure to insure the property with third party insurance, this is called Liability, insurance of $ 300,000 is enough.
    If at some point you increase your activity and purchase more assets I would consider opening an LLC.

  3. For registration and tax reasons you should open llc together
    You should consult the matter and hear what the consequences are for each of you and then decide.
    Llc will also regulate the profit sharing agreement management etc. among you that should prepare company regulations

  4. It is very important to think ahead - are you planning to buy more houses later !!!
    If it's one and only house - I would not be in a hurry to list them all !!
    There are many one-time expenses, very significant (opening ITIN for everyone, the cost of submitting annual reports to everyone in the US and in Israel - you will not have a profit at all)
    It is quite possible to register on just one person and sign a contract with an attorney here in the country, know people who have done it.

    If there is an intention to continue to develop in the long term, then definitely start a joint venture, that way every member of the company gets a $ 4000 exemption a year from profits and this greatly offsets the profit that tax payers have to pay.

    I would sit, think, consult an expert (even someone from the forum, one-on-one) and then make a decision!

  5. Why register the property only in your name?
    What about tax considerations? What about the legal considerations?
    In your place I would not want to start investing with the tricks of working in black (from your friends).
    Put everything on paper, developed llc and get started working properly.