They said if I form an LLC / Corporation then they will open a business account for me.

Hi, l've been keeping an eye on Forsyth county as I'm liking the general positive signs of its growing population, good schools, lower taxes, close to corporate companies in the Alpharetta area...

I remember the year i switched from my corporate job at Exxon to being a "real estate professional" i wrote off over $100k in AGI in rental losses and depreciation.I got a huge tax refund that year and it was awesome! 

As a new investor I see a lot of articles about different kinds of corporations people can start to house their real estate business.

As a new investor I see a lot of articles about different kinds of corporations people can start to house their real estate business.

I'm asking the question mainly because I am wondering if a Salesperson can also incorporate and use that Corporate Entity to be associated with the Brokerage.Therefore, if the Brokerage gets sued, the Brokerage can only sue the Corp of the Salesperson.Hopefully this is a non-issue where Sales Agents do not need to worry about potentially getting into a lawsuit, even at his own doing because he was not supervised correctly to prevent the liability in the first place.Thanks for any replies in advance.

You can establish your credibility by having a company, a business card, a compelling company name and title, a professionally designed corporate brochure and website.

Do you recommend my wife and I file as an llc electing as S corp? Or

This entity does NOT generally file a separate federal return and all of the activity from it gets reported on your personal return and will undoubtedly also be shown on your state income tax return (depending on your state requirements, as some states have no individual tax return requirements).For IRS purposes (and many states) by default, a LLC that's owned by two or more people (except for husband and wife in a community property state), is usually taxes as a partnership and it has to file a partnership tax return.A LLC can also elect to be taxed as a corporation and even as an S corporation, but that's too complicated of a topic for this discussion.Even if you wind up having a Disregarded Entity, many states might have annual filing requirements (such as California, Texas, Nevada and many others).

Will the possibility of higher corporate taxes, a state income tax, free healthcare, $15 minimum wage and making Florida a sanctuary state impact real estate investing and real estate values in Florida?