B-Corps in Real Estate?
Hi everyone,
So I have debating which entity makes the most sense for starting a real estate investment company in mass. I was deciding between an LLC or an S-Corp and then a business minded co-worker of mine mentioned a B-Corp. I have never heard of it before then but he mentioned its a new type of entity that has really took off in the past 3 years. It's a "benefit corporation", similar to an LLC but each year the company shows an annual report saying how they have helped the environment, community, etc. Seems like, for me, someone who wants to have a profitable business but a help others this could be a great option to look into. I heard it also attracts investors who like to see that a company won't cheap them out for an extra buck and shares concerns for global issues.
Wanted to see what BiggerPockets thinks about the B-Corp, in RE more specifically.
Cheers!
Bill