Legal Question in Real Estate Law in California

corporations

I am a real estate investor and would like to start a corporation.


Asked on 5/19/08, 1:16 am

2 Answers from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: corporations

If you will be borrowing to finance your investments and/or will be depreciating income property, you might be better off with an LLC. This is primarily a matter of maximizing writeoffs rather than a strictly legal decision, and you should ask your tax advisor or CPA.

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Answered on 5/19/08, 11:55 am
Mitchell Roth MW Roth, Professional Law Corporation

Re: corporations

Why? Incorporation has tax ramifictions you should discuss with your accountant. And, it adds an annual expense. You may be better served by simply spending the money or a part of it on higher liability policy limits or an umbrella policy.

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Answered on 5/19/08, 12:20 pm


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