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Updated about 7 years ago on . Most recent reply

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8
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Philippe Benhamou
  • Rochester, NY
0
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8
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Is an Entity the way to go?

Philippe Benhamou
  • Rochester, NY
Posted

What's up guys!

As a new investor I was wondering if forming an entity is the way to go? 

I am just starting this business as a Buy & Hold Investor, and I have always belived that business and personal financials should never mix. I wouldn't want to have my personal name tied to many loan debts as I am afraid it would interfere with my personal "financials". On the other had, I hear people say that having this debt to leverage deals tied to you personally allows you to get great deductions from taxes.

Any thoughts or explinations of what the best system is would appreciated!

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