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Updated 12 months ago on . Most recent reply
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CORP or LLC
Hi,
I am seeking advice on what kind of entity I should form for tax lien investing. My primary goal is not to own the properties but to simply reinvest the lien return into the lien. I understand that if I buy the property, LLC is the best option. I just got confused as I read that the best would be to open a Corp and then use a land trust to buy the liens.
I am planning on forming the entity in Wyoming.
Thank you in advance for any advise.
Most Popular Reply
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- Accountant
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The question you should be asking is
1) What type of liability exposure would I be generating and will an LLC or Corp be suited for that.
If you don't plan to own the property, I can't anticipate a piece of paper causing much liability, if any at all.
2) What type of income would the tax liens be generating and would an LLC or corp minimize the taxes.
- Basit Siddiqi
- [email protected]
- 917-280-8544
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