Posted by Jon Richards on December 30, 2002 at 19:12:07:
Scott
The note business is very low liability if you sell to corporate investors, and they are currently the best buyers. I think worrying about a business entity is a distraction from developing a good marketing program to find notes. I would stick with a single propriatorship, and avoid the expense of LLCs and Corps.
Jon Richards
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BUSINESS ENTITY?? - Posted by Scott, MI
Posted by Scott, MI on December 29, 2002 at 22:29:31:
Hey All,
I checked the archives but found nothing that could answer this to the point.
What business entity is best for “brokering” notes?? - by this I mean buying a note and selling to an investor (for a profit) I was thinking an LLC - it seems like alot of flow through cash. But I’m not a planner. Any help is greatly appreciated.
Respectfully,
Scott
Re: BUSINESS ENTITY?? - Posted by Paul
Posted by Paul on January 08, 2003 at 10:19:21:
Hi Scott,
While I would never disagree with Jon’s advice, I would just add there is a good article in the “How To” section of this site. It is written by John Hyre who is an attorney/investor. He describes the pros and cons of various entities (LLC’s, S-corp, C-corp)and which one best suits a particular invesment strategy. Check it out and I hope this helps.
Paul