Updated almost 8 years ago on . Most recent reply
Not Sure Of My Next Steps!
Hi i’m a licensed general contractor, i have a few projected homes i want to buy in Nassau County Ny.
I’m have 300,000 cash saved i am going to buy cash outright but what are my next steps before doing the rehab myself.
Should i buy through my S-Corp how will i be taxed ?
What other legalities should i beware of ?
Any mentors in Nassau County who are available for coffee or lunch?
Most Popular Reply
S Corps and LLCs are mostly to protect you from liability, and would have a small impact on taxes as they are pass through entities.