Thinking Ahead: Wholesaling and Taxes

[Jason SanMartin]

Before I get started into real estate, I'd like to know what I'm getting myself into. As of right now and until I'm able to make money wholesaling, I'll be a sole proprietor. At what point do I or should I consider registering as an LLC? Then when I'm registered as an LLC, I'm told to file under Schedule C. So the question is: how do I pay taxes on both sole proprietor and as an LLC? I hope that makes sense.