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Updated over 8 years ago on . Most recent reply

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8
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1
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Albion Sabani
  • North Hollywood, CA
1
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8
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How should I incorporate?

Albion Sabani
  • North Hollywood, CA
Posted

Hi BP, Any suggestions on how should Incorporate my real estate investment biz? I'm starting with wholesale and will transition to gov housing. Any LA recommendations, or should I LegalZoom? Thanks friends

Most Popular Reply

User Stats

112
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81
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Robert Smith
  • Real Estate Consultant
  • Knoxville TN
81
Votes |
112
Posts
Robert Smith
  • Real Estate Consultant
  • Knoxville TN
Replied

With legal zoom you get what you pay for. Talk with a few attorneys in your area find who the other investors in the area are using and go to them. You can do a lot of this yourself however something like this needs to be done right and you must protect yourself. Keep separate accounts for personal and business, and talk with your attorney about an LLC or corporation and the differences in paperwork needed and tax implications for each type of filing. Another thing to look at is where you will file your biz. Different states have different rules and regs, You can start your biz in any state and file for the ability to work in the state you are in as your business. You need a company for sure, you are on the right track. Good luck.

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