Updated over 17 years ago on . Most recent reply
Starting Out
My brother and I own one rental unit that is free and clear. It is a fully rented two family home and has little improvement costs and a solid cash flow.
We are looking to find #2
Both of us are concerned with risk. I think we would like to create some entity to use for our next purchase and ideally place the existing property into.
Any suggestions? LLC? S Corp? C Corp?. Ideally the structure will be strong enough to support a much larger business. We are both thinking long term.
Thank you for your help/suggestions.
- Jeff