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Updated almost 9 years ago on . Most recent reply

Pari Thiagasundaram's profile image
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Pari Thiagasundaram
  • Lender
  • from Fremont, CA
  • Member since Dec 10, 2014
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Pari Thiagasundaram's profile image
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Pari Thiagasundaram
  • Lender
  • from Fremont, CA
  • Member since Dec 10, 2014
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Pari Thiagasundaram
  • Lender
  • Fremont, CA
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Tax Liens & Mortgage Notes

How have you structured your note business

Pari Thiagasundaram
  • Lender
  • Fremont, CA
Posted

Would like to hear from my fellow investors who have invested in notes on how they have structured their LLC/S-corp. Please see that i am not looking at any tax advice or anything but am curious to know what was the thought process that went in to structure the corporation.

- LLC Vs S-Corp - Why?

- Did you guys file Form 8832 to be taxed as S-corp. 

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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Replied

We use LLCs since they are relatively simple and the lowest cost entity to create both from a legal standpoint as well as state registration fees. LLCs allow for pass-thru to members for tax matters as well. 

http://www.nolo.com/legal-encyclopedia/corporations-vs-llcs-29025.html

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