My Dear Michigan investor friends. My question is simple;
If you are a Michgan real estate investor, what business status are you operating under? (ie Sole Proprietorship vs LLC vs C corp?
I inquired about this and apparently, there is no requirement to have a “business license,” to operate a home business of “real estate investing.” Is this correct? For those who have obtained a business license, what type is it? (I’m not talking about Real Estate Agents and Brokers license)
I do understand the protection one receieves with LLC and C-corps, but I was wondering what others in this field have done.