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Updated 11 days ago on . Most recent reply

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Christian Solis
  • Tampa, FL
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Choosing my business entity

Christian Solis
  • Tampa, FL
Posted

What business entity should I should I structure my fix and flip business and what are some tips I should should keep in mind so me and my partner are protected ? 

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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
Replied

I always advise to run a business for 3-6 months without an entity to see if it something you are making money in and something you want to continue doing.

Once you have 3-6 months of activity, you have more information to provide to an accountant regarding income so he can provide suggestions on entity type.

Best of luck

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Basit Siddiqi CPA
4.9 stars
76 Reviews

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