Genesis Pacheco
How to obtain an LLC here in NYC
Hello i am new to this and just started getting into real estate investing. I am starting as an wholesaler and wanted to know from someone with experience here in the New York city who obtained an LLC. What exactly do...
Susan Bearce
Disregarded Entity for LLC?
Hi All,I am curious how other investors file their LLC when applying for their TIN. A partnership, corporation or disregarded entity?
Seidy Lasker
Dissolving Partnership & Converting to S-corp
If a partner in a partnership wanted out, would the partnership file a final year return and then convert the LLC to an S-corp or would filing a final year return cause the ein to terminate and the partnership would n...
Andrew Banner
International Real Estate Tax Implications
Recently I formed a corporation with three others who are all Canadian in Canada and we made out first purchase. How do I go about understanding the tax implications that will come with doing business in Canada from t...
Abhijit Joshi
LLC or Nah?
Hello Members,My friend and I are both first time investors and will be investing in real estate within the next six months. We have been researching whether or not to create an LLC. We haven't had too much success in...
Rob Pattison
Needing a second opinion on my $51k tax obligation
I bought a house in Costa Rica, using partially money from my 401k through a covid distribution, which meant I escaped the 10% penalty but still am liable for income tax.I'm 59, and took out approximately $200k. This...
Caleb Heimsoth
Fair Price to Form an LLC?
Hello,I want to form an LLC to hold my properties, and will be doing this in Ohio. I just got a quote from an attorney there for 1000 dollars to form the LLC for my future properties in Ohio as well as the one I'm ab...
Stanley Jones
Tax form 2553 part 4 subsections P, Q, R
Hey BP members. After filing for the EIN under corporation status my team and I would like to change our status from corporation to s corp l. To do so we are aware that you must print and fill out form 2553 election o...
Kay Lyn
Living in California. Should I form my LLC in Wyoming??
I'm a California Resident starting an online llc platform, that will be doing business throughout the US. I will be the sole owner and will be residing in california. Is it worth it to form the LLC in Wyoming over Cal...
Christa LaFlam
C-Corp or S-Corp
My husband and I set up our business as a C-Corp, in order to take advantage of the tax benefits/write offs as well as the asset protection that the C-Corp allows for. However, the first year I went to have the busin...