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Tax, SDIRAs & Cost Segregation

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Donald D Michna
  • Real Estate Agent
  • Milwaukee, WI
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73
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Setting up a corporation for note investing

Donald D Michna
  • Real Estate Agent
  • Milwaukee, WI
Posted May 17 2017, 19:30

I have been doing research to set up a corporation. I think that an S-Corporation would be the best setup, but I see that no more than 25 percent of the gross corporate income may by derived from passive income. I also see that financial institutions that are banks can not be an S-corp. Being a note investor you are in all reality a bank.

I am not looking at a C-corp obviously due to the double taxation.

I plan to talk to speak with a lawyer about this but wanted to get some feedback from some other note investors out there. 

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