Brian Kennedy
LLC or Sole Proprietor for Rookie
I have a chance to purchase a 12 unit apartment building in another state. It would be my first investment in real estate outside of a residence and I do not have an LLC set up.Should I set up an LLC or would a sole p...
Laureen Mane
Liability Insurance For A Sole Proprietor
I am looking to wholesaling real estate and setting up a sole proprietorship. What is the best type of liability insurance for that? Who offers that type of insurance?
Carla Marchionda
Sole proprietor changing to a partnership
HI. I'm trying to decide on how the cost & profits should be split between partners after I have already invested so much in the first year + I am the creater & operator of my natural hair braiding and dreadl...
Gordon Starr
How could I file sole proprietor plus eidl
Last year I hired my son to work for me in the family trade business rehabbing and renting houses. It's a full time endeavor for me and I always filled as a real estate professional with schedule e before. Well now is...
Mit Mehta
Should I register as LLC or S-Corp for rehab business?
Hi Guys!I am just starting to get into real estate! I will borrowing private money to flip houses. I want to register my business (in NJ) but I am confused which entity I should register under, LLC or S-Corp or any ot...
Dean Teter
What type of business formation did you use for your RE investing business?
I'll start out by saying that I know this varies by location and business type, but I'm curious to see what people in California are doing if all your doing is not sales/ broker related?
Barbara C.
Help start up
Hi, I'm new to BiggerPockets and have a few startup questions: Do I have to wait until I have an LLC set up before I can actual do any transactions? If so, how do I handle this when I file my 2009 taxes? Also, I suppo...
Brandy Morton
I have a real estate license that is in my way of investing in NC
I currently am a residential real estate agent acting as a sole proprietor. I am interested in having a LLC to invest in real estate, however, with my current license in NC, I am not able to advertise through my LLC o...
Mark S.
CARES Act: Property Owners & Paycheck Protection Program
My question is regarding the Paycheck Protection Program and how this relates, if it does, to property owners/landlords under the CARES Act that was signed into law on 3/27/2020.
I understand that the overall purpo...
Luis Montanez
In a "subject to agreement" who keeps the rights to claim tax deductions?
In the ideal circumstance the title of all your properties will be under a corporation and all transactions and deductions under the corporation so any profits or loss will flow to your personal incom. However, since...