LLC or Corporation?

[Jerry Poon]

What is the best form of business for a real estate investing business to maximize gains and minimize taxes if I were to go solo? Should do an LLC, Corporation, or just a Sole-Proprietor? What if I had partners?

[Ryan Tyler]

@Jerry Poon 

******NOT LEGAL ADVICE******

LLC's can give you the protection of an LLC (tough to reach personal assets) and can avoid the "double taxation" of the traditional corporation. (although you can lower the tax bill with smart dividend usage).

Insurance can replace the protection of a corporation to a limited extent, but you should sit down with a California attorney to discuss those issues (you can incorporate yourself)

Starting an LLC isn't that difficult but it all depends on your risk tolerance.

******NOT LEGAL ADVICE*********

- Ryan