Updated over 9 years ago on . Most recent reply
How have you structured your note business
Would like to hear from my fellow investors who have invested in notes on how they have structured their LLC/S-corp. Please see that i am not looking at any tax advice or anything but am curious to know what was the thought process that went in to structure the corporation.
- LLC Vs S-Corp - Why?
- Did you guys file Form 8832 to be taxed as S-corp.
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Bob Malecki
#4 Tax Liens & Mortgage Notes Contributor
#4 Tax Liens & Mortgage Notes Contributor
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- Kingston, WA
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Bob Malecki#4 Tax Liens & Mortgage Notes Contributor
#4 Tax Liens & Mortgage Notes Contributor
- Investor
- Kingston, WA
We use LLCs since they are relatively simple and the lowest cost entity to create both from a legal standpoint as well as state registration fees. LLCs allow for pass-thru to members for tax matters as well.
http://www.nolo.com/legal-encyclopedia/corporations-vs-llcs-29025.html