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Updated over 9 years ago on . Most recent reply

User Stats

27
Posts
7
Votes
Tom Harrington
  • Homeowner
  • Canton, OH
7
Votes |
27
Posts

Starting Up LLC or S-Corp In Northeast Ohio

Tom Harrington
  • Homeowner
  • Canton, OH
Posted

Hey BP! After a bunch of reading here on the forums and blogs and countless books, I've decided that I like the idea of incorporating either with an LLC or S-Corp or perhaps another entity for the added level of personal asset protection. I know for sound legal and tax advice I need to talk to both a CPA and an attorney. My questions are these:

1.  I'm still unsure what type of legal entity would work best for me.  My wife and I are planning to start off with rental properties. Would a CPA or an attorney be better suited to cover/explain the advantages and disadvantages of LLCs vs. S-Corps vs. other legal entity options?

2. Can anyone recommend some questions I should ask this professional to get the most out of my meeting?

3. Can anyone recommend a good CPA or attorney in Canton, Akron, or Cleveland Ohio? 

Thanks in advance everyone for your input!

-Tom

Most Popular Reply

User Stats

916
Posts
475
Votes
Dell Schlabach
  • Investor
  • Canton-Akron, OH
475
Votes |
916
Posts
Dell Schlabach
  • Investor
  • Canton-Akron, OH
Replied

We have used a few different accountants as we have grown our business over the years. We have been using Jeff Craft CPA, from Canton for a few years now.

  Exceptionial accountant, entity structure, tax strategy advisor, works with quite a few  real estate Iinvestors locally. Also owns rental properties and has experience in rehabbing. 

http://www.jcraftconsulting.com

May be worth a free consult.

Good luck in your endeavors. 

  • Dell Schlabach
  • Loading replies...