Rich Dad says form Corporation... - Posted by Keith (MI)

Posted by Laure on July 25, 2000 at 07:39:19:

It’s not any harder to do business in a corporation than any other way, including sole proprietor. As a matter of fact, when selling, lenders look at documentation as more reliable such as rent paid from buyer, etc.

As to which entity to use, I can’t be of much help there, but there’s a lot of folks here that can direct you. I use a C corp, but it’s just me and my husband.

Laure :slight_smile:

Rich Dad says form Corporation… - Posted by Keith (MI)

Posted by Keith (MI) on July 25, 2000 at 03:26:30:

Kiyosoki really stresses the benefits of forming a Corporation to buy properties under, as does William Bronchick in one of his how-to articles.

Yet on one of my Carleton Sheets CD’s he mentions this and says the only problem with this can be that it’s harder to sell properties bought under a Corporation. He said it can complicate things. True? False? What’s the downside?

In a related question; My brother and I are about to get under way buying properties together as partners. So, should we incorporate before we go out and buy?? And if so, which form of corporation should we choose? General Partnership? Limited? Standard Corporation? Join Venture?

According to, we would fit the General, Limited, and Joint categories–tho not a standard Corporation. Um, so what do we do? :slight_smile:


Keith Milford (MI)