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Updated almost 8 years ago on . Most recent reply

Mike Johnson's profile image
Mike Johnson's profile image
Mike Johnson
  • from Cordova, Tennessee
  • Member since Apr 22, 2017
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Mike Johnson's profile image
Mike Johnson's profile image
Mike Johnson
  • from Cordova, Tennessee
  • Member since Apr 22, 2017
Connect
Mike Johnson
  • Cordova, TN
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Goals, Business Plans & Entities

Pros and Cons of a General Partnership

Mike Johnson
  • Cordova, TN
Posted

Hello. I am finding so much conflicting information online regarding which entity to use for wholesaling real estate. I was going to get an llc, but my cap suggested a GP with my wife. He claims there will be less taxes to pay and less filing costs upfront and yearly with tax returns. He told me to simply purchase a liability policy for protection purposes so i would be protected as I would with an llc. Please give me your opinions! Thanks!

Memphis Invest  

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