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Updated about 8 years ago on . Most recent reply

User Stats

203
Posts
43
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Drew Slew
  • Rental Property Investor
  • Union city, NJ
43
Votes |
203
Posts

LLC for real estate agent & photography

Drew Slew
  • Rental Property Investor
  • Union city, NJ
Posted

Hi All, 

There are a few posts about this on the forum, wanted to get people's advice on forming an LLC.

I am a W2 at a firm, also a real estate agent in NYC and live in NJ. Creating a real estate marketing/photography business and I assume to get paid by clients i can go two ways: 

- they can cut a check to my brokerage in NYC / me basically as a 1099 employee

- form an LLC and they cut the check/pay that

- maybe other options? 

I heard about Delaware or Nevada LLCs being the best to form, more protected etc. Can someone give me an idea of NJ vs NYC LLC, which one is better etc?

Having an LLC, can I change my W2 job tax to my LLC, pay less tax?

Any other ideas of not an LLC but maybe a Trust or some other entity for a real estate marketing business?

Thanks

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