Hi everyone,My partner and I are in Canada and seriously exploring rental properties in the U.S. Before we go too far down this path, we are concerned with getting some general insights on legalities and taxes if we w...
Anyone have any opinions about what state to create an LLC in to hold investment properties? I have multiple properties in different states but I hear different opinions on where to open the LLC. I'm in CA so I'm cons...
I think I have it narrowed down on how I want to initially structure my new business (an LLC with S-corp destination so that I don't have to pay both Personal Income Tax on profits + Business Corporate Income Tax; I w...
I'm buying three rentals in wetaskiwin, I just realized i should look into incorporating or LLP's. after this I will have a total of 4 properties and 5 doors. I was curious on what might be the best methold of structu...
Hey everyone,Found out about this website from the Financial Independence sub on Reddit. I'm currently 31, married with two kids and a third on the way. I work full time in a corporate job, but constantly dream of f...
Are there any companies you would recommend to me for starting an S-Corp. There are tons of companies online, most around $49, but just wanted to check to see if someone could vouch for one in particular.
Hello BP Community
I have a question and hope to get as many answers and opinions as possible.
Has anyone registered an LLC but elected to be treated as an S corporation? I have read about this in many sites and a...
I earned 90 k as a 1099 contractor working in my LLC. expenses are around 20 k so NOI is 70k. it appears tax efficient if I tax this income as S- corporation. i do have EIN for my LLC and all income and expenses wer...
This was my first year wholesaling part time here in DFW. I made a decent chunk of change doing it, about 40k. My question is when it comes to taxes, should I utilize a real estate tax professional at the end of t...
I live in California and currently acquiring an apartment complex with friends in Texas. Where would it make the more sense to incorporate the holding LLC, Delaware, California or Texas?