Updated almost 2 years ago on . Most recent reply
CORP or LLC
Hi,
I am seeking advice on what kind of entity I should form for tax lien investing. My primary goal is not to own the properties but to simply reinvest the lien return into the lien. I understand that if I buy the property, LLC is the best option. I just got confused as I read that the best would be to open a Corp and then use a land trust to buy the liens.
I am planning on forming the entity in Wyoming.
Thank you in advance for any advise.
Most Popular Reply
The question you should be asking is
1) What type of liability exposure would I be generating and will an LLC or Corp be suited for that.
If you don't plan to own the property, I can't anticipate a piece of paper causing much liability, if any at all.
2) What type of income would the tax liens be generating and would an LLC or corp minimize the taxes.
- Basit Siddiqi
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