Posted by William Bronchick on March 15, 2002 at 10:04:52:
Neither is necessary, unless you want people knowing what you own or you want a lot of personal liability. Both are recommended if you want privacy, protection and tax reduction.
Corporation Question for Bill or Others - Posted by Mark_SC
Posted by Mark_SC on March 14, 2002 at 11:00:55:
I’m just getting started and was initially planning to set up an LLC, until I read through Bill’s article, “Maximizing Profit and Limiting Liability in Real Estate Investing” again. Since I’m planning to ‘flip’ properties initially, it sounds like a C corporation will best suit my needs short term. Is that correct? If so, I’m going to order the B-125 course. Does that course also mention Land Trusts with any detail or am I forced/required/urged/asked to also order B-122 (Your Step-By-Step Guide to Land Trusts)? I’m trying to get the best course for the buck without duplication or spending unnecessarily. Thanks in advance for your response.
Mark