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Updated 2 months ago on . Most recent reply

Christian Solis's profile image
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Christian Solis
  • from Tampa, FL
  • Member since Jan 3, 2023
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Christian Solis's profile image
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Christian Solis
  • from Tampa, FL
  • Member since Jan 3, 2023
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Christian Solis
  • Tampa, FL
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Starting Out

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 ? 

Tampa, Florida
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Basit Siddiqi's profile image
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Basit Siddiqi
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  • from New York, NY
  • Member since Sep 27, 2015
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Basit Siddiqi's profile image
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Basit Siddiqi
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  • from New York, NY
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Basit Siddiqi
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Basit Siddiqi
  • Accountant
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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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