Hi can someone explain to me how a holding company works. I sat down with my mortgage broker yesterday and she told me after 4 doors i will need to put any more properties i buy into a holding company. I should have a...
The Limited Liability Company (LLC) is a terrific tax entity. The number one reason is its flexibility. Specifically, an LLC can be taxed as:
- a sole proprietorship
- a partnership
- a C corporation
- an S corporati...
Hello everyone, thanks for reading!I was doing some digging on this topic but after a while of reviewing conversations that were close to what I was looking for I thought it made sense to post the question.I am a Cana...
Hi BP Community! My name is Irish and I'm from San Jose, CA. I'm a tax associate for a large public accounting firm and my focus is on corporate taxation for financial statement audits (think 10-K, 10-Q and company ca...
Hello everyone,I am an overseas investor and own 3 SFH in America.Currently, they are owned in my personal name.I know putting the properties in an LLC, even if it's solely used as a pass through entity, provides me w...
I just watched a interesting documentary last night called "Were not broke". And I gotta say, I'm impressed of these huge corporations such as Google, Apple, Verizon, etc. were able to avoid paying federal income tax....
Do you work for Deloitte, Accenture, McKinsey, Bain, KPMG, or another big-time consulting firm? What’s your why for being actively involved or interested in real estate? Since we as former or active firm employees are...
Hello, I have a payroll company but I am having a hard time finding the form that tells me how much $$ I can write off in corporate payroll deductions. Is there an easy way to figure this out, such as a form to look a...
Is a c corporation the best business structure to keep business income and taxes seperate from your personal filing???
If you are an individual, is it better to setup an s-corp or single member LLC taxed as an s-corp? Would there be any risk with single member LLCs being disregarded for asset protection?