Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 21 days ago on . Most recent reply

User Stats

3
Posts
1
Votes

Choosing the right legal structure for my entity

Angel Edingfield
Posted

I’m about to set up my entity and was curious if anyone has advice on what’s the best way to go to 1. Protect myself and my partner, and 2. Get the most tax benefits. Should I consult a CPA or Tax Attorney?  

Most Popular Reply

User Stats

46
Posts
72
Votes
Replied

You're absolutely right to prioritize setting up your investment with the proper structure, and that should include a comprehensive asset protection plan. A well-designed strategy can create a legal separation between your personal finances and your investment property, helping shield your assets from potential lawsuits or liabilities.

Depending on your goals, there are also tax strategies that can be integrated into your structure. For example, many of my clients establish their own property management company taxed as a C Corporation to take advantage of opportunities like business reimbursements, the Augusta Rule, and sponsoring a Solo 401(k) to build retirement savings.

I recommend working closely with both a knowledgeable tax professional and an experienced asset protection attorney to ensure you're maximizing both your protection and tax efficiency.

Loading replies...