Updated 8 months ago on . Most recent reply
Choosing my business entity
What business entity should I should I structure my fix and flip business and what are some tips I should should keep in mind so me and my partner are protected ?
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Basit Siddiqi
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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
Pro Member
#3 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- New York, NY
I always advise to run a business for 3-6 months without an entity to see if it something you are making money in and something you want to continue doing.
Once you have 3-6 months of activity, you have more information to provide to an accountant regarding income so he can provide suggestions on entity type.
Best of luck
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