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Updated about 7 years ago on . Most recent reply

User Stats

54
Posts
36
Votes
Bryan Chuchta
  • Wholesaler
  • Raleigh, NC
36
Votes |
54
Posts

What type of entity should I choose?

Bryan Chuchta
  • Wholesaler
  • Raleigh, NC
Posted

I have been wholesaling for almost a year and have completed a few deals.  Everything up to now has been just in my name.  I have been thinking I may want to form my endeavors into a company but don't know what type is best.  I have only done wholesale thus far but plan to do some flips and some buy and holds.

I would like to hear what other people think is the best way to go and why?

Thank you in advance

Bryan Chuchta

Most Popular Reply

User Stats

538
Posts
431
Votes
Bryan Blankenship
  • Investor
  • Cincinnati, OH
431
Votes |
538
Posts
Bryan Blankenship
  • Investor
  • Cincinnati, OH
Replied

What type is best depends 100% on your long-term goals, your state law, etc.

For me, most of my entities are LLCs with some taxed as S-Corps.  

Again, this is specific to me in Ohio and won't apply to you 100%.

That said, most investors have LLCs and either tax as LLC or S-Corp.

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