Great Forum post @Tom Henderson Why- I was able to walk away from a six figure a year corporate job I worked for 12 years and retire at the age of 35!!!

I am also new to this whole investing arena, so my advice is probably won't be as useful.In your situation, why not try and look into creating a corporation separating yourself from the investing business and use the business to accumulate your wealth.Of course, sought professional advice before you do this.

I've been looking for a way out of my horrible corporate office job, and be "self-employed" for several years now and so far have found several ways that don't work. :) I got interested when I heard about options and wholesaling, because I am in a spot now where I have very little $ and some debt, otherwise I'd open a futures day trading account and then start buying cash flow properties and other fun things.

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Eleven month after closing on the house, he got served papers suing him personally, his corporation, the listing realtor, buyers agent, home inspector etc. everyone except me, since I was not on title. 

She told me that both LLC and corporations have the benefit of limited liability, but with regard to taxes, s-corp (which can be a LLC with s-corp tax election) is usually better for active income (like flipping or wholesaling) and LLC taxed as a sole proprietor is better for buy and hold.

Each state has its own Department of Corporations with there own costs and rules.

This can be a great tax/income shelter and would provide the corporate protection as well.

Hello all,Just joined this forum in search of an answer to some things I've been trying to figure out; hope that I might be able to find some answers here.Myself and three partners are currently exploring setting up an investment entity to capitalize on depressed real estate in the European market.