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Updated over 4 years ago on . Most recent reply

User Stats

369
Posts
329
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Ryan Cleary
  • Real Estate Agent
  • Saint Lucie, FL
329
Votes |
369
Posts

Keeping business expenses seperate

Ryan Cleary
  • Real Estate Agent
  • Saint Lucie, FL
Posted

As a new agent, I have yet to really explore the legal and accounting aspects.  I mainly have been concerned with getting listings.  That being said I have been using my personal credit card for all my business expenses.  

I do not have an LLC set up for any of my investments (yet) or myself as an agent. What should my first step be?

  • Ryan Cleary
  • [email protected]
  • 561-850-8229
  • Most Popular Reply

    User Stats

    120
    Posts
    96
    Votes
    Dalyn Hazell
    • Rental Property Investor
    • Springfield, MO
    96
    Votes |
    120
    Posts
    Dalyn Hazell
    • Rental Property Investor
    • Springfield, MO
    Replied

    @Ryan Cleary Keep business expenses very distinct from personal, like in a separate account, starting as soon as possible. Then, if you feel necessary, get in touch with a local CPA to talk about things like entity advising and common tax deductions.

    Good luck as a new agent!

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