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I received a letter in the mail from the Department of Revenue in Kentucky prompting me to register online for tax accounts for my business (I started an LLC in 2016 in KY for the purpose of asset protection for real ...
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I recently got a Partnership LLC as part of a guru package back in July. However, my main strategy is to fix and flip homes. I've also learned that in terms of asset protection and to maximize my tax benefits, it's ...
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Hi BPers,I am in the process of buying a property with a friend. I would like to get a recommendation of which entity to form. We are a 50/50 partnership for both cash flow, equity gain, decision, .... etc.I am debati...
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Hey guys! I’m interested in multifamilies to smaller apartment complexes here in Springfield MO. I’m wondering if you have set up a LLC or Inc for apartment complexes or maybe leave them in your personal name? I’m not...
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This might seem like an odd question, but if you are the one who is going to be loaning the (hard) money to another individual(s), is it safe to loan it from your own personal name, or should you use an entity (LLC) t...
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Can somebody @Ann Bellamy please explain why hard money lenders only lend to business entities and not people? I'd specifically like to hear about any Massachusetts laws/regulations. Thank you.
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Hi all,I'm trying to decide what the "best" business entity and/or strategy would be to purchase rental property? I have saved up the funds I need to buy my first SF rental property and want to know what is the best w...
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HI everyone,Hoping to gain some insight to this question, I've searched the forums and haven't seen this specific question answered though I can't imagine I'm a unique case. I'm trying to figure out the best vehicle ...
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Hi BiggerPockets Nation,1) Just confirming, LLC as a business entity vs. S-Corp. I'm in Massachusetts...2) Thoughts on using LegalZoom to form an LLC?3) LegalZoom asks you to categorize your business. Real estate and ...
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Hey folks. I know there are lots of posts and an inordinate amount of information in the thread about business entities. There was not much that I could see that really answered my question without sitting down with...