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Updated almost 2 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Brandon Dietz
  • New to Real Estate
  • St. Thomas, Ontario
2
Votes |
8
Posts

Business Plans In Ontario

Brandon Dietz
  • New to Real Estate
  • St. Thomas, Ontario
Posted

From what I can tell starting a business to handle profit and expenses is a good thing when getting into property investment.  However, it seems like a lot of work to start a Corporation vs Sole Proprietorship.  I have currently started a sole prop to handle the transactions and be able to still use my credit to assist in purchasing properties and plan on starting a corporation after some equity has been built up.  

I do understand the risks as they are increased because I do not have separation, however, wondering if anyone else has done it this way and found success? Or has anyone had any bad experiences / would recommend the separation to protect personal assets?

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