S Corporations for Lonnie Deals - Posted by Michael from Bham

Posted by chris_wa on March 15, 2000 at 09:12:08:

because they just happen to have a great one here on this site. it is called “how to form a bulletproof corporation” by william bronchick. it is great. i used it when i set up my corp and actually sounded and looked like i knew what i was doing. can’t beat the price either…

have fun!
chris_wa

S Corporations for Lonnie Deals - Posted by Michael from Bham

Posted by Michael from Bham on March 15, 2000 at 08:59:10:

Does anyone know of a book or other resource for forming your own S Corporation without using an attorney? Thanks.

Re: S Corporations for Lonnie Deals - Posted by The Baze

Posted by The Baze on March 15, 2000 at 12:43:38:

Michael,

If you’re doing Lonnie deals - buying and then selling and holding paper - you may want to consider being a C-corp. The IRS will look at your mobile homes as inventory, and even though you’re holding paper, you’ll be required to report the sale in the year that it occurs, regardless of when you receive the money. C-corps generally have lower tax rates than indivuduals. Something to think about.

Tom Bazley