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Updated over 7 years ago on . Most recent reply

User Stats

38
Posts
17
Votes
Kirsten Braddock
  • Investor
  • Ponte Vedra, FL
17
Votes |
38
Posts

Best business entity for wholesaling?

Kirsten Braddock
  • Investor
  • Ponte Vedra, FL
Posted

I'm looking to set up a business entity for wholesaling. Should I use an LLC or a c-corp or s-corp. Any recommendations? 

I've also been looking at using services from either Anderson Advisors or ProVision. Has anyone had success with either of these companies or think they are worth the expense?

Most Popular Reply

User Stats

38
Posts
17
Votes
Kirsten Braddock
  • Investor
  • Ponte Vedra, FL
17
Votes |
38
Posts
Kirsten Braddock
  • Investor
  • Ponte Vedra, FL
Replied

Thank you @Patrice Penda. I have recently discovered podcasts by Mark J Kolher and find him really insightful. Im still trying to wrap my head around who to trust for my books. I may be small now, but want to build a long term relationship with someone. 

Hi @Basit Siddiqi, thank you for your explanation. If I'm making less than $40k right now, but then ramp up over the year and end up making over that, should I change my corporate setup at that time or should I set up the s-corp now with the hope that I will make over $40k? If I dont setup an s-corp right now, would I be okay with setting up the wholesaling business in an LLC?

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