My carpenter and I want to set up a real estate company and believe that if we incorporate (LLC), then we can purchase and sell properties as a company independent of our respective spouses.

Also, if have your assets incorporated into an LLC, or the like, which requires commercial financing which inevitably means higher rates, costs, etc.

Do you find that such a change is a complete change or do you incorporate a second or third or fourth strategy into the original plan for the property?

It's currently done, but since I've finished I found a few things that I need to fix or a few things that I wish I incorporated (ie I plan on adding search options for rental properties .. if I plan on using this site for later rentals that I'm looking to get ).

If you are going to buy and hold rental property, there are no tax benefits or deductions provided by an LLC that are not available to a sole proprietor.You don't need to have an incorporated business entity either to obtain a commercial loan for a residential rental property.

I have a Bachelor of BA degree in finance and an MBA and I’ve been working in corporate finance for 5 years now.

He, the hubby, also runs a landscape/lawn service and was able to build upon that business by incorporating the dump truck to haul gravel, mulch etc.

If so, I'll make sure to incorporate those into my calculations from now on.Thanks, and Happy Thanksgiving all.

Keep me posted as to the outcome as I am always looking for strategies that I can incorporate into my business and enhances my tax shelter and savings.Good luck.

Anything in Non-Incorporated King takes ridiculously long so much so that I would never buy anything in Non-Incorporated KingMy attorney says LNI (Labor and Industries) is targeting flippers this year.