Which business entity is best? - Posted by Brad (GA)
Posted by Brad (GA) on December 14, 2000 at 06:02:00:
Ok, I’ve read my state Inc. handbook and listened to opinions from numerous professionals. I’m really confused. I know I need to hold my rehab/flip properties and rental properties in seperate business entities. I currently hold two properties in my name and from what I’m told, that’s wrong. So,…
1.) When I do rehabs and sell fast, which business entity is best?
2.) When I do rehabs and keep the property for rentals, which business entity is best?
3.) When I do lease/options, which business entity is best?
Right now, I’m negotiating a rehab project that I intend to hold. I don’t want to use my personal name, so I have to act fast. I do plan on talking with a tax accountant / attorney, but I would like to hear first hand from people that are currently in business. Thanks!