Re: DBA and RE Investment?? - Posted by William Bronchick
Posted by William Bronchick on October 05, 2003 at 19:47:22:
I generally don’t recommend the LLC filing as corp. Remember, the IRS requires documentation even though the state may not under LLC regs. Also, you have to pay the annual franchise tax with LLCs in CA ($800 min, as high as $5k per year).
A corporation is definitely something you can do yourself. I have a course on how to do it (available here online). I recommend the course over an online service since you need to learn not only how to create a corporation, but, more importantly, how to MAINTAIN it. A good CPA or accountant is also very important when operating a business entity.