Where to Create your Real Estate LLC

Where to Create your Real Estate LLC

So You Want to Start a Business. Where Do You Begin? This isn’t a figurative question: one of the main things we get asked about is where—geographically speaking—an investor, who’s buying and selling real estate, should set up a business entity. What makes this question tricky is that there’s no single correct answer: the right … Continue reading Where to Create your Real Estate LLC

Where to Create your Real Estate LLC

Where to Create your Real Estate LLC

So You Want to Start a Business. Where Do You Begin? This isn’t a figurative question: one of the main things we get asked about is where—geographically speaking—an investor, who’s buying and selling real estate, should set up a business entity. What makes this question tricky is that there’s no single correct answer: the right solution will be different for a “flipper” than it will be for an investor forming an LLC, and different for a single-state investor than for one with properties all over the place. This post will talk about how various factors will impact your business location. Where Do You Plan to Invest? How far afield do you plan to spread your investment dollars?  Let’s say you live in Washington state, but you’re going to be investing in Oregon. Right out of the gate, I’m going to recommend that you create your business in Oregon, because that’s where the activity is taking place. If you don’t do any of that in Washington but you file your business registration papers there, you’ll have to turn around and re-register that corporation in Oregon as a “foreign” corporation. Foreign corporations also come into play with investors who say things like,

Asset Protection and Privacy from the Internet

Asset Protection and Privacy from the Internet

As you become successful in your career, acquiring assets (i.e. real estate) is a natural desire to indulge. However,  you can end up becoming a target for criminals and others looking to take advantage of your hard-earned wealth. These people, unfortunately, have a leg up on their victims by using the Internet to tap into…