![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1245855/small_1621510625-avatar-davidr608.jpg?twic=v1/output=image&v=2)
17 October 2019 | 5 replies
IRS rules are very clear, no transaction is allowed between qualified plan and disqualified person, here is a reference to the IRS website: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1225296/small_1694910710-avatar-joep211.jpg?twic=v1/output=image&v=2)
17 October 2019 | 4 replies
@Joe PalmerIRS rules are pretty clear: as "disqualified person" you can't benefit from an IRA in any way, directly or indirectly:https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactionsIt is very irresponsible for the representative to make a blanket statement like this.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/381443/small_1621447962-avatar-philof76.jpg?twic=v1/output=image&v=2)
22 October 2019 | 14 replies
I'm guessing it would look something like this: 30% cost of sale, 15% employee wages, 10% marketing, 5% misc (just as an example).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1403274/small_1621511969-avatar-esmeraldaf1.jpg?twic=v1/output=image&v=2)
21 October 2019 | 3 replies
I would like to employee the BRRR method but conventional purchases are also of my interest as long as properties are under value and I can force appreciation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1544185/small_1621513407-avatar-camerons135.jpg?twic=v1/output=image&v=2)
18 October 2019 | 10 replies
We're a $27B/year supply chain company with over a thousand employees in Keene, several hundred of which are accountants and financial analysts.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/638585/small_1621494392-avatar-raymondh13.jpg?twic=v1/output=image&v=2)
24 October 2020 | 8 replies
Within the past few months, former City Planner Ian McElwee was one of several city employees to leave or be dismissed from various city departments.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/761386/small_1621496834-avatar-westenn.jpg?twic=v1/output=image&v=2)
22 October 2019 | 25 replies
It’s the job of a management company (or a large owner managing their own portfolio) to find those people and give them enough work so they don’t have to worry about feeding their family on a monthly basis (I aim for 50% - 75% of their business but I try to avoid being 100% of their income to avoid employee classification in good ‘ole CA...and also so we don’t ruin their lives if we decide not to use them again).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1565054/small_1695784502-avatar-bjrns2.jpg?twic=v1/output=image&v=2)
23 October 2019 | 16 replies
To give you an insight into how we are thinking to deal with this towards the future when we are growing, is hiring an employee in our team that is going to be managing x amount of apartments.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1286277/small_1694709539-avatar-iank50.jpg?twic=v1/output=image&v=2)
29 October 2019 | 10 replies
I won't list them all here, but a few that will point you in the right direction:- Pros: limited liability, estate or asset protection planning, business credibility, property management benefits (I've heard landlords state its easier to put an LLC on the lease form and tell the tenant "you just work for the company" as they'll give you less issues, but I don't know if it's really true), and business growth potential (easier to hire employees and file state/fed reporting forms [940/941] as a corporation).- Cons: increased costs (for filing and maintaining an LLC, for filing separate tax returns if you choose to do so [but don't have to]), depending on your state increased legal fees (you didn't put where you're from, but in some states only attorneys can represent corporations in evictions and small claims court), financing "challenges", insurance "challenges", contract and lease "challenges", not unlimited limited liability (you can still be sued individually), and loss of TBE protection (tennancy by the entireties) if your state recognizes it.If you're doing it for limited liability reasons, you're better off getting a good insurance policy.