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Updated almost 5 years ago,

User Stats

124
Posts
63
Votes
John Walter
  • New to Real Estate
  • New Jersey
63
Votes |
124
Posts

Corporation vs LLC vs Nothing?

John Walter
  • New to Real Estate
  • New Jersey
Posted

I'm finally getting around to reading the acclaimed 'Rich Dad, Poor Dad' book, as everyone always recommends it. In the book, it discusses starting out establishing a corporation for yourself, as a corporation is nothing more than a file in a desk, but the benefits and tax savings can be massive.

I have heard a lot of debate between deciding between an LLC vs simply insurance, but are there really benefits to starting a corporation for yourself, or is this part of the book a bit dated?

Thank you, BP!

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