J
Jeff_Day
Guest
State: Illinois
After reading several articles on the subject (protecting myself from liability) I've come to the conclusion that I may need to set up an LLC for my passive investments (i.e. rental units) and an S Corp for those properties that I'm not going to hold on to for much longer than it takes to rehab them. One question I have is how to classify the business type when it comes to entering the SIC code in the apps. Second, will I run into any problems buying, selling and operating my real estate investments in either of these business entities being that I'm neither a broker nor an agent but simply an independant investor?
Thanks...
Jeff
After reading several articles on the subject (protecting myself from liability) I've come to the conclusion that I may need to set up an LLC for my passive investments (i.e. rental units) and an S Corp for those properties that I'm not going to hold on to for much longer than it takes to rehab them. One question I have is how to classify the business type when it comes to entering the SIC code in the apps. Second, will I run into any problems buying, selling and operating my real estate investments in either of these business entities being that I'm neither a broker nor an agent but simply an independant investor?
Thanks...
Jeff