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Updated over 6 years ago,

User Stats

6
Posts
1
Votes
Reginald Willhite
  • Sacramento, CA
1
Votes |
6
Posts

CA Business Entity Qs: SDIRA Investing vs. Cashflow Portfolio

Reginald Willhite
  • Sacramento, CA
Posted

Hi All!

I'm new to BP and so far love the environment. Had a quick question about business entity formation in California. I'm currently in the very early stages of trying to roll an old 401k into an SDIRA and use the $22k worth of funds to get me involved in my first deal. From what I can gather, LLCs are generally used for such a transaction? But...If I wanted to engage in other REI deals with money straight from my savings account, would I have to form a separate business entity in order to take part? Any recommendations on what entity a California resident looking to do both in-state and out-of-state deals should use (LLC vs C-Corp vs S-Corp)?

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