Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago,

User Stats

28
Posts
3
Votes
Hannah Shields
  • Rathdrum, ID
3
Votes |
28
Posts

How to file my business

Hannah Shields
  • Rathdrum, ID
Posted

I have been looking through the topics within business filings and I haven't found a specific answer to my situation. Here's what I want to do but I'm not sure how to set up for maximum benefit to me and those who invest with me.

We are in Idaho, currently trying to buy in Washington and Idaho state to start but do not have the business filing done yet. The business involves me and my husband. We can file as a LLC as a disregarded entity because idaho is a community property state. Should we file a business and if so, how? We have some people that would like to invest, one in particular is a single person that makes 200K a year and does not have expenses or a business. She would like to help us with our first few deals but is unsure how to do so and still reap the benefits and stop paying nearly 50% on her wages. We would prefer to not have investors become part of our business entity.

Any ideas how to set this up for our benefit and theirs???

Thanks!

Loading replies...