These are all single member entities so it was incredibly easy to file, and create the Operating Agreement and/or Corporate Resolution.

J Scott I agree that colleges tend to teach you to be a good worker/servant for a large corporation.

An HOA (includes condos) is a business entity, a corporation.

I am currently working the corporate field and trying to fix my credit (which I messed up severly while in college--its in the low/mid 500s).Before starting I would like to be debt free other than student loans and a mortgage, and have an emergency fund.Currently I am reading and researching all I can about this field and joined two groups on meetup.com.Thanks in advance!

It is as simple as transferring your stock certificates in your corporation - no closing costs, no documentary stamps, no recording fees.Owners Flexibility:When you hold properties in a Land Trust, it makes it easy to have multiple owners.

If the IRA is the fourth participant, then each of you has a quarter.LLCs have members who are the owners of the company (they would be shareholders if it was a corporation) and managers.

If you don't have experience in building corporate credit,you need to do that if you want long term results.

There are small additional fees for translation services, foreign corporation registration and similar items, but nothing that I think you would call extravagant.

He happens to outsource some of the work to a short sale team as my friend knows he is crap at follow up with corporate types (loss mitigation folks).

If you transfer the property to an LLC, but retain all the mortgages/liens in your name, then you have a bigger chance of the courts allowing plaintiffs to 'pierce the corporate veil.'