Admittedly, I am becoming overwhelmed with data and information. If I decide to focus on flipping, can someone explain to me the advantages of setting up an S-Corp? Thanks
OK - I have an idea here and want some feedback.
Say my wife and I create a "parent" company, or holding company, a 2-member, 50/50 LLC. Let's call it "Joe's Rentals, LLC" for the sake of this post.
Now, say I buy ...
Hello biggerpockets!
Alyssa Craft and I went to an accountant this morning, who suggested that we do all our business structures as LLCs.
When I asked about Land Trusts, he didn't know anything about them...
He s...
I want to get started in realestate investing,but dont know which business entity should b used for my company. My company will be based out of Indiana. The core strategies will be :buy and hold, flipping and wholesa...
My partner and I just closed on our first property (a duplex). We are now looking into what type of entity we should create.
We would like to create an LLC to hold the property, but the fees on a multi-member LLC in...
I will be doing residential rehab/resells. I now have an equity partner. He puts up the capital, I do all the work, we split the profits 50/50.
I operate through my single owner S-Corp. My equity partner will operate...
hello BP fam! Hope everyone is well. I just have a question on what to set up your business as,as far as being a wholesaler. So do I set up as a sole proprietor or an LLC? Just for legs;l purposes. I didn't want to do...
Hi,
Should I create my own business entity when I' trying to partner with another wholesaling? Where should I find the information on legal subject on this forum.
Thanks,
Hi everyone! I want to form an LLC for my new wholesaling business and want to open up a bank account for it. My question is, my credit isn't great right now, and I know that banks are suddenly choosy about who they w...
Does anyone have any experience dealing with offshore companies purchasing properties. I have a party which is an offshore company, owned by a US Citizen which is proposing to purchase a property, but refuses to sign ...