5,104,806
I am an S-Corp. That's all I will say about it in public forum. My finances/tax structure and rationale for same otherwise are no one's business.
As for tax advantages/liabilities you are better off consulting with a tax specialist and CPA.
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Anita Clark
Warner Robins, GA
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Kathleen Daniels, Prob...
San Jose, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Carla Freund
Raleigh, NC
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Bob "RealMan" Timm
Minot, ND
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Kris Collis, Associate...
East Stroudsburg, PA
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Mimi Foster
Colorado Springs, CO
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Pete Xavier
Pacific Palisades, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
1,502,848
That's best to discuss with your personal attorney and tax guy/gal.
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Kathleen Daniels, Prob...
San Jose, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Carla Freund
Raleigh, NC
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
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Pete Xavier
Pacific Palisades, CA
1,196,912
Check your local state requirements.
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Kathleen Daniels, Prob...
San Jose, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Bob "RealMan" Timm
Minot, ND
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Carla Freund
Raleigh, NC
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Pete Xavier
Pacific Palisades, CA
5,215,388
Your best advice will coe from your CPA who understands your particular needs and goals.
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Kathleen Daniels, Prob...
San Jose, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Bob "RealMan" Timm
Minot, ND
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Carla Freund
Raleigh, NC
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Pete Xavier
Pacific Palisades, CA
2,390,010
The brokerage I purchased years ago was an S- Corp and my accountant felt it was a good fit so it remained an S -Corp until I sold it Manuel Angeles . The best advice for this would be your CPA and if you do not have one seek one out who has RE experience.
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Kathleen Daniels, Prob...
San Jose, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Peter Testa
Danbury, CT
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Carla Freund
Raleigh, NC
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Pete Xavier
Pacific Palisades, CA
5,772,575
California does not allow LLC for a brokerage...check with your state's rules, talk to a CPA or financial adviser. A
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Dan & Laurie Pittsenba...
Bellingham, WA
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Carla Freund
Raleigh, NC
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Bob "RealMan" Timm
Minot, ND
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Pete Xavier
Pacific Palisades, CA
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Nina Hollander, Broker
Charlotte, NC
5,583,278
those are great questions for an attorney whose expertise is corporate law....
I was always a "worker bee" and "sales manager"....
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Dan & Laurie Pittsenba...
Bellingham, WA
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Carla Freund
Raleigh, NC
-
Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
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Pete Xavier
Pacific Palisades, CA
6,392,879
Best to get a business strategist that knows these things to work with you in developing the best solution for your situation.
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Carla Freund
Raleigh, NC
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Bob "RealMan" Timm
Minot, ND
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Nina Hollander, Broker
Charlotte, NC
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Pete Xavier
Pacific Palisades, CA
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Bob Crane
Stevens Point, WI
1,725,896
Individually, we were Llc s and for corporate C Corp
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Pete Xavier
Pacific Palisades, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
901,187
Talk to your accountant. It depends on your purpose.
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Pete Xavier
Pacific Palisades, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Bob "RealMan" Timm
Minot, ND
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Peter Testa
Danbury, CT
556,536
That is a question for your cpa
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Pete Xavier
Pacific Palisades, CA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Bob "RealMan" Timm
Minot, ND
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Carla Freund
Raleigh, NC
2,781,013
Manuelito: Let your tax people in on this conversation...S corp is popular
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Dan & Laurie Pittsenba...
Bellingham, WA
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Carla Freund
Raleigh, NC
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Pete Xavier
Pacific Palisades, CA
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Bob "RealMan" Timm
Minot, ND
1,844,171
S corp.
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Dan & Laurie Pittsenba...
Bellingham, WA
-
Carla Freund
Raleigh, NC
-
Pete Xavier
Pacific Palisades, CA
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Bob "RealMan" Timm
Minot, ND
3,416,038
For me an LLC worked best
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Dan & Laurie Pittsenba...
Bellingham, WA
-
Carla Freund
Raleigh, NC
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Bob "RealMan" Timm
Minot, ND
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Pete Xavier
Pacific Palisades, CA
5,048,708
I would discuss with your CPA and perhaps a tax attorney to get the best advice for your situation.
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Dan & Laurie Pittsenba...
Bellingham, WA
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Carla Freund
Raleigh, NC
-
Bob "RealMan" Timm
Minot, ND
-
Pete Xavier
Pacific Palisades, CA
757,885
My Broker set it up as an LLC.
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Dan & Laurie Pittsenba...
Bellingham, WA
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Carla Freund
Raleigh, NC
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Bob "RealMan" Timm
Minot, ND
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Pete Xavier
Pacific Palisades, CA
2,071,025
LLC, S corporation.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Valeria Mola
Sunny Isles Beach, FL
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Pete Xavier
Pacific Palisades, CA
1,598,452
Not a broker...
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Valeria Mola
Sunny Isles Beach, FL
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Pete Xavier
Pacific Palisades, CA
900,008
I chose LLC for my real estate brokerage; you should discuss those options with your accountant.
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Dan & Laurie Pittsenba...
Bellingham, WA
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Bob "RealMan" Timm
Minot, ND
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Pete Xavier
Pacific Palisades, CA
469,510
I don't have a brokerage but I am set up as an S Corp for my real estate biz.
As other's have mentioned - it's best to contract a good local CPA for guidance on such a question/situation.
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Pete Xavier
Pacific Palisades, CA
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Bob "RealMan" Timm
Minot, ND
2,220,323
1,712,676
4,935,551
1,239,801
A question your CPA can answer better.
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Pete Xavier
Pacific Palisades, CA
3,344,906
Seek tax and legal advice ... just as I did. What is best for me may not be the right direction for someone else.
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Pete Xavier
Pacific Palisades, CA
5,868,372
1,310,972