Business accounting in good form as required is in accordance with GAAP.

The short answer was to form a 501(c) 3 with a broad purpose and use it as the board sees fit to do the good that they see most needs doing.

If you get any inclination they are interested, send them a packet (financial info, property info, pro-forma, due dligence etc).

E of tax return* Signed leases* An income appraisal* 6 mths rent loss insurance* A detailed operating income statement pro-forma of expenses and replacement reserves that must be signed off by appraiser and underwriter.

So, in essence, it just makes more sense to form a corporation for your for your flips and LLC's for rentals.

You and a partner can form a LLC and you can invest as a foreign partner in it.

Question came up during the process of building my website.I read it’s not necessary needed to form a company (LLC) but I also want to make sure it’s recommended to come up with a brand name, protect it and then operate under my personal name.

All while giving the community something they desperately need. based on our pro-forma, if this is converted to an affordable housing project it's looking like somewhere in the $30-32M range keeping in mind this is a hold of at least 50 years as affordable.  1.

Also, always get the actual property history and run your pro-forma's to to validate everything.  

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.