DBA & Sole Proprietorship - Posted by Phil

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 :slight_smile:

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.