Posted by John K Haslach, CPA, MST on May 26, 2006 at 11:52:22:
Generally, rentals are held in LLCs and flips in S Corps.
PLEASE HELP!!! - Posted by Jen Eskew
Posted by Jen Eskew on May 24, 2006 at 11:28:17:
I am doing an assignment for a Business course. I need help with a question.
If I owned a real estate investing company, which business structure would I want:
LLC
Corporation
Sole Proprietorship
Partnership
I know I should choose a corporation. I really need help justifying my answer.
Re: PLEASE HELP!!! - Posted by Max-Va
Posted by Max-Va on May 24, 2006 at 22:15:33:
This depends on what type of investing your doing and in what state.
Generally use an LLC for rentals and Corp for flips. This is for asset protection as well as tax reasons. There are alot of different ways to set these up, see your CPA or attorney
Re: PLEASE HELP!!! - Posted by Jen
Posted by Jen on May 24, 2006 at 13:05:24:
Is there anyone who can answer the question?