Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Canadian Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

30
Posts
12
Votes
Ryan Kenneth
  • Investor
  • Vancouver BC
12
Votes |
30
Posts

Umbrella corp worth it?

Ryan Kenneth
  • Investor
  • Vancouver BC
Posted

Hey all, 

Up until now our rental properties were held in our name. As I'm scaling to larger buildings (we do buy and hold) I now want to incorporate for the tax savings and protection. I'm still very much a rookie when it comes to understanding how to fully leverage corporations. We'll ideally be acquiring a 10-16 unit building this year which I plan on putting in a corp. My accountant asked me if I also wanted an umbrella corp that houses the 10-16 unit corp.  My filing and monthly accountant retainer fees would nearly double so I wanted to ask you guys is the umbrella corp worth it?

Ryan

Loading replies...