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 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
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 over 8 years ago on . Most recent reply presented by

User Stats

25
Posts
4
Votes
Bernie D.
  • Landisville, PA
4
Votes |
25
Posts

Sole Proprieter or LLC or INC? Quick Buy/Sell Business

Bernie D.
  • Landisville, PA
Posted

Need some advice. In the last 18 months, I've purchased 7 Properties and sold 7 Properties. This year, I believe I can scale it even further and double those numbers. I don't know what you would call it, but I guess I would be a wholesaler, as I buy very low and sell very low but still make a nice profit. I'm concerned, because, most of the properties I do not hold for 1 year (Capital Gains)? This business's entire expenses come from profit made from properties sold. I have one employee or independent contractor and may hire a second. I've been doing everything as a sole proprietor. Should I set up an LLC or INC? Which one/option will give me the greatest ability to reduce my tax liability? Thoughts? I appreciate any help you could provide.

Loading replies...