All Forum Posts by: Sean Conrad

Miles, 

Tim G. is half way correct. Every business I have formed is an LLC with a Sub S Corp. It is basically a fancy way of saying you're going to be filing your personal and business taxes together. Overall, just easier and allows you to pay your taxes in one shot instead of paying them every month or three months (Depends on State/County laws).

Hi Jamell, 

That sounds like a great idea. I would love to collaborate with you. I will inbox you my contact information. 

Sean Conrad

Hi Miles,

Hopefully I can help. I own and operate two businesses outside of real estate. I also offer legal advice and help others forming their own business! With that being said, I would HIGHLY recommend forming an LLC before doing anything! And yes, your attorney is correct. Forming an LLC will protect you and your personal possessions. However, I would not recommend using an attorney to form any type of business. They make their money by tacking on "fees". For all of my business needs, I have used Legal Zoom. (legalzoom.com) Ive spent around $450 for each of my LLC's and it was worth every penny! Keep in mind, it can take up to 3 months for your LLC to fully form due to the government taking forever to file and approve all of the paperwork that goes along with it. However, Legal Zoom does all of the work for you and explains everything they had done as well as a packet of all the information you will need to know about LLC's. Hopefully this will help you make your decision. Good luck!

Hello,

My name is Sean Conrad. I am currently looking to build my cash buyers list as well as establish relationships with hard money lenders. All properties I will be involved with will be located on Long Island, New York. I look forward to hearing from you all!

Thanks

Hello everyone!

My name is Sean Conrad. I am a 23 year old business owner. I currently own two successful retail companies. I am now entering the wonderful world of Real Estate. My goal on Bigger Pockets is to establish relationships with successful Real Estate flippers, cash buyers & hard money lenders.