Matthew Drouin
Using your self directed IRA to buy real estate is stupid!
9 August 2024 | 39 replies
When I apply for the business bank accounts, I give them my LLC's EIN and also my own SSN as the owner and their form asked me if this LLC will be taxed as sole prop or corporation and I selected sole prop.
John S.
Is this the proper way to run a portfolio with multiple LLC's?
4 August 2024 | 5 replies
Here are a few points to consider:Piercing the Corporate Veil: If you don't maintain clear separations between LLCs, there's a risk of "piercing the corporate veil," where courts may hold the holding company (and potentially you personally) liable for an LLC's debts or legal issues.
Carlo D.
Prime Corporate Services - Looking for feedback
31 July 2024 | 0 replies
Hello all,I was hoping to get some feedback / reviews on Prime Corporate Services.
Carlo D.
Is the Wyoming LLC route a valid way to protect yourself?
2 August 2024 | 8 replies
Are you going to hire someone to make sure the corporate formalities are upheld?
James McGovern
Are their flipper secrets to getting materials at a lower cost?
2 August 2024 | 2 replies
Maybe corporate flippers, or some that have dozens (at least) of flips under their belts.Why would material suppliers give a discount to a first time flipper?
Daniel M.
Seeking Advice on Using Retirement Funds for Real Estate Investment
7 August 2024 | 32 replies
your corporation then becomes the plan sponsor and chooses to fund from your retirement money.
Michael Calvey
Unpacking the Rent Crisis: It's Not Just Greedy Landlords..
6 August 2024 | 54 replies
. :)You seem to be missing the applicability and similarities in BP and the corporate landlord.
Maurice Stewart
Creating an LLC (I think I did it wrong) Please Help!
4 August 2024 | 13 replies
This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).
Jeff Stevenson
Question about LLCs for residential mortgages
2 August 2024 | 5 replies
In my layman's point of view, this is co-mingling and alter-ego violations to piercing the corporate veil.
Martin Yates
Refinancing an inherited house
2 August 2024 | 10 replies
You will have to refinance into an LLC/Corporation/Trust that your wife owns and she will be the guarantor.