Re: To incorporate or not - Posted by mel(nc)
Posted by mel(nc) on July 20, 2001 at 06:57:54:
Your right. My CPA does not do any real estate investing. I have looked for one that does but haven’t had any luck yet. What I have read about s corp. is that they offer no liability coverage. If I understand it correctly, the S corp is tax entity but not a legal one. I am a part owner of a C corp that is not real estate related, so I am somewhat familiar with the concept. The allowable expenses like health coverage and retirement plans would not really benefit me, so I am not sure I see any tax advantage in incorporating. Thanks to everyone for the posts!