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Updated over 13 years ago on . Most recent reply

Tyler S.'s profile image
Tyler S.'s profile image
Tyler S.
  • Real Estate Investor
  • from Midwest City, Oklahoma
  • Member since May 27, 2011
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2
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Tyler S.'s profile image
Tyler S.'s profile image
Tyler S.
  • Real Estate Investor
  • from Midwest City, Oklahoma
  • Member since May 27, 2011
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Tyler S.
  • Real Estate Investor
  • Midwest City, OK
2
Votes |
97
Posts
Wholesaling

LLC

Tyler S.
  • Real Estate Investor
  • Midwest City, OK
Posted

I AM A WHOLESALER. WHAT WOULD BE THE ADVANTAGE OF TURNING MY BUSINESS INTO AN LLC? WHATV ARE LLCs FOR?

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Joe Wilson's profile image
Joe Wilson's profile image
Joe Wilson
  • Accountant
  • from Newtown, Connecticut
  • Member since Jan 7, 2008
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Joe Wilson's profile image
Joe Wilson's profile image
Joe Wilson
  • Accountant
  • from Newtown, Connecticut
  • Member since Jan 7, 2008
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Joe Wilson
  • Accountant
  • Newtown, CT
34
Votes |
123
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Joe Wilson
  • Accountant
  • Newtown, CT
Replied

Would you have inventory as a wholeseller? Seems like you have an ordinary trade or business, so I would go the S-corp route so you can save on SE tax.

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