Posted by David Alexander on December 31, 1999 at 20:16:29:
Why a Wally World special, TI-BA 35 of course, LOL.
David Alexander
MH corporation or LLC?? - Posted by Shelly
Posted by Shelly on December 30, 1999 at 22:05:56:
I am starting to invest in MH. After studing and feeling ready to go search for my first deal, would it be advisable to form a corp or an LLC for tax purposes and to limit personal liability? Has anyone doing MH deals formed a corp to keep personal taxes separate or do you do business in your name even if you have a dealer’s license? Or do you just DBA and pay the taxes on your personal return? Any responses would be appreciated.
Shelly
Re: MH corporation or LLC?? - Posted by David Alexander
Posted by David Alexander on December 30, 1999 at 23:43:33:
First things first. Scratch doing business as a DBA off the list. As far as LLC, S Corps, C Corps, LP’s, etc… it depends. Only you know what your plan is is and your structure will depend on your strategy.
I personally prefer C Corps and LP’s because that’s what I feel comfortable with, but it all depends on your plan.
David Alexander
Re: MH corporation or LLC?? - Posted by PeteH(NYC)
Posted by PeteH(NYC) on December 30, 1999 at 23:57:46:
Hey, David – what would be the best calculator for figuring out my yields on these kind of deals?
Your pal.