Billy Abildgaard
business structure in MA
for investors in Massachusetts with two or three properties how do you structure things? do you have an S corp for the taxes or something else? I know LLCs are expensive so wondering what others are doing.
Ken Nyczaj
Yearly costs for CPA's
My team and I just met with a CPA firm and were quoted $280/ month for year 2019. This is to handle our salary, distribution, and monthly books. We have elected to be taxed as an S-Corp.Just curious if this is reasona...
Kate Ellis
LLC Taxed as an S-corp for flipping
We just set up our LLC in Illinois to flip houses. I'm preparing to file for our EIN with the IRS and need to decide if we want to be taxed as an S-corp or partnership. I'm all for S-corp except for the requirement ...
Jason Britt
Need Help/Advice on an Apartment Complex
I'm feeling very overwhelmed right now and need some guidance. I've been on BiggerPockets for a little over a year, just reading and listening to as much as possible. This site is amazing, and I've learned so much, ...
Richard Warren
Why Didn't They Think of This Sooner?
The answer to all of our economic problems! Just get the rich to pay for everything:
http://news.yahoo.com/s/bloomberg/20091209/pl_bloomberg/awkrrpmondw8
People want it all as long as someone else pays for it.
:c...
Gary Garrett
Hiring where to start?
Hello everyone, I've been buying and rehabbing properties for long term rentals for going on 8 years now. I enjoy buying properties, designing them, and seeing the end product. However in the past I've done the majo...
Daniel Patton
LLC questions
So I am currently set up as a sole member LLC (officially as of today) but have not yet filed the 8832 or 2553. My question is, does anyone have their LLC set up so that the only member is actually their living trust?...
Shera Gregory
Contributing 100% of salary to SD 401k as ROTH
I have a SD 401k which has an LLC as the plan sponsor. I take distributions from the LLC as the single member. I want to start putting 100% of my distribution into the 401k as a ROTH contribution. If my normal distrib...
Kirsten Braddock
Best business entity for wholesaling?
I'm looking to set up a business entity for wholesaling. Should I use an LLC or a c-corp or s-corp. Any recommendations? I've also been looking at using services from either Anderson Advisors or ProVision. Has anyone ...
Jonathan Johnson
When is an on-site manger is needed for Apartments?
Hello BP,I'm looking at a 100 unit purchase of 2 buildings. One of the opportunities I see in the apartment is they have a lot of staff.The management on payroll is as follows: Maintenance at $19.50/hr; Part-time main...