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Updated almost 6 years ago on . Most recent reply

User Stats

103
Posts
85
Votes
Jarrod Frankum
  • Wholesaler
  • Lubbock, TX
85
Votes |
103
Posts

Legal Entity for Wholesaling In Texas

Jarrod Frankum
  • Wholesaler
  • Lubbock, TX
Posted

Hello all. I have searched the threads and have not found a result that directly answers what I am looking for.  

I am a licensed realtor in Texas and am looking to start a legal entity for wholesaling. I eventually plan on keeping properties for buy and hold or BRRRR etc.. However I'd like to take advantage of tax benefits/legal shielding a legal entity would have to offer. I currently don't have any assets worth taking, but I would like to have a legal entity from the start to start off on the right foot.

I can't tell if its better for an S-corp or an LLC for this case. What have you other Texas wholesalers done? Thanks for the help

Most Popular Reply

User Stats

1,399
Posts
793
Votes
Jessica Zolotorofe
  • Attorney
  • New Jersey
793
Votes |
1,399
Posts
Jessica Zolotorofe
  • Attorney
  • New Jersey
Replied

@Ronald Rohde is a pro in Texas partnerships, he may be able to weigh in. 

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