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Goals, Business Plans & Entities
HomeForumsGoals, Business Plans & EntitiesBest Wholesale Entity?
Chris T.'s profile image
Chris T.'s profile image
Chris T.
  • Wholesaler
  • from Amarillo, Texas
  • Member since Jan 23, 2008
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Chris T.'s profile image
Chris T.'s profile image
Chris T.
  • Wholesaler
  • from Amarillo, Texas
  • Member since Jan 23, 2008
Connect
Chris T.
  • Wholesaler
  • Amarillo, TX
75
Votes |
369
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Goals, Business Plans & Entities

Best Wholesale Entity?

Chris T.
  • Wholesaler
  • Amarillo, TX
Posted Feb 11 2009, 15:09

I was considering using an LLC for my wholesale business, but it seems that I would have to pay capital gains tax and self-employment taxes with an LLC or a Sole Proprietorship.
And, since I'm not investing, buying, and holding property then I won't really need the protection of an LLC. A sole proprietorship is also cheap!

Any thoughts?

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