My Corporation! - Posted by Carey_PA


#1

Posted by Carey_PA on January 12, 1999 at 14:52:54:

Hello gang,

Listen, I have a corporation question. After reading Rich Dad, Poor Dad a few times (and listening to the friendly people on this board), I’m getting ready to form a corp.

My question: Which would be the best type of corporation to form if I will be the only one involved, my main thrust of business will be real estate and other types of investing (stocks, etc) and I also want the fullest protection from my personal assets and I want the BEST tax advantages (obviously!)

I’ve read up on the different types of corps, i.e. LLC, C-corp, S-corp, and a general corp (I think that’s right). And I was hearing about double-taxation, I want to avaoid this, right? Or depending on the corp, does it benefit you in the end? I need a little insight from someone. My thoughts thus far were to go with a C-corp. What do you think?

Thanks,

CAREY