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Updated about 15 years ago,

User Stats

40
Posts
1
Votes
Jim Murphy
  • Investor
  • New Jersey
1
Votes |
40
Posts

Few Questions

Jim Murphy
  • Investor
  • New Jersey
Posted

Ok so my divorce is near done and I have about $ 100,000 after the agreement Nd I have selected the area that I wish to start investing in . I have read and listened to the weekend millionaire program which advocates a buy and hold philosophy which is fine , though I do want to do some flips. My questions are as follows .
1. Should I form a corporation?
2. Should I Get business Cards?
3. If I flip a property that my corporation owns do I still have to pay taxes on that as though it were income to me , or can I just put that in as icome along with rentals etc etc?

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