Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
LLC for real estate agent & photography
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