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Updated about 8 years ago on . Most recent reply

Account Closed
  • Killeen, TX
7
Votes |
19
Posts

Financial partner of flips as a business entity or not

Account Closed
  • Killeen, TX
Posted

Hello BP Community! I am thinking of becoming a long distance financial partner for flipping homes- I am getting deployed soon, therefore I want to do some hands off investing while I'm away. I was wondering if I should get incorporated or not for it (LLC or an S corporation were the options I was thinking of). Should I incorporate as a financial partner for liability and tax purposes? If so what type or corporation should I choose? Thanks in advance!

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