All Forum Posts by: Jure Klepic

I am seeking advice on what kind of entity I should form for tax lien investing. My primary goal is not to own the properties but to simply reinvest the lien return into the lien. I understand that if I buy the property, LLC is the best option. I just got confused as I read that the best would be to open a Corp and then use a land trust to buy the liens.

I am planning on forming the entity in Wyoming.

Thank you in advance for any advise.

I am not aware of anyone investing by themselves who is using a Corporation for tax liens. If you were raising money from investors then maybe consider a corporation but if its just you, LLC should suffice.

Thank you for your advice!

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Quote from @Basit Siddiqi:

The question you should be asking is

1) What type of liability exposure would I be generating and will an LLC or Corp be suited for that.
If you don't plan to own the property, I can't anticipate a piece of paper causing much liability, if any at all.
2) What type of income would the tax liens be generating and would an LLC or corp minimize the taxes.

Thank you so much for your response. I did decide to go ahead with LLC

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Quote from @Chris Picciurro:

From a tax perspective, I would start with a LLC and maybe grow into a S-Corporation election in the future.

Thank you so much!

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Hi,

Thank you in advance for any advise.

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All Forum Posts by: Jure Klepic

Jure Klepic has started 1 posts and replied 4 times.

Post: CORP or LLC

Post: CORP or LLC

Post: CORP or LLC

Post: CORP or LLC