Posted by Kyle (OH) on March 03, 2001 at 15:48:12:
You would actually be better off to incorporate. That protects you some from liability.
Posted by Kyle (OH) on March 03, 2001 at 15:48:12:
You would actually be better off to incorporate. That protects you some from liability.
DBA & Sole Proprietorship - Posted by Phil
Posted by Phil on March 03, 2001 at 14:03:19:
Should I register my real estate investing as a sole proprietorship and my business name with a DBA(doing business as)will this complicate things or make them easier or not really effect things?
Before you do anything… - Posted by Carey_PA
Posted by Carey_PA on March 04, 2001 at 22:25:04:
sit down and talk to your cpa
Re: DBA & Sole Proprietorship - Posted by eric-fl
Posted by eric-fl on March 03, 2001 at 23:05:54:
This question is like saying, “which is better, ice cream or steak?” The answer is, it depends on the situation. If you do a lot of deals as a sole proprietor, and the IRS classifies you as a dealer instead of an investor, you’ll get whacked. In this instance, a C Corp. would be better. If holding for the long term, LLC’s are often recommended. It really depends on a) your personal financial & tax situation, and b) your business strategy.