Flipping Contracts...Which Entity to use? - Posted by Mike

Posted by colvegas on January 21, 2006 at 22:23:49:

Mike,
I wonder if you mean assigning contracts but for flipping the rule of thumb is to use C-corp and LLC for longer holds on property but Iam not a tax person or attorney and it depends on your tax basis so check with that attorney or CPA to help you.

Flipping Contracts…Which Entity to use? - Posted by Mike

Posted by Mike on January 20, 2006 at 10:38:07:

I want to start flipping contracts. What would be the best way to set this up. Which entity would be best?

Thank You

Mike