It depends on how you operate as a birddog. If you're operating on a part-time, I would operate as a individual. If you're birddogging full-time and your investors are aggressive in purchasing properties and paying you well for your services then I would start a company. Happy investing.
The only benefit I see is an establishment of time you have been in business in the event you want to venture out and grow... But youre still a sole proprietor...
My advice is to get started.
When you start to realize enough in income to justify setting up a business entity then move forward, of course with the advice of your Accountant or CPA. You will also be able to justify the write-off’s and later set up a Corp. to take advantage of even more business benefits.
Why incur additional expenses till you have the income to justify them
It depends on how you operate as a birddog. If you're operating on a part-time, I would operate as a individual. If you're birddogging full-time and your investors are aggressive in purchasing properties and paying you well for your services then I would start a company. Happy investing.
The only benefit I see is an establishment of time you have been in business in the event you want to venture out and grow... But youre still a sole proprietor...
My advice is to get started.
When you start to realize enough in income to justify setting up a business entity then move forward, of course with the advice of your Accountant or CPA. You will also be able to justify the write-off’s and later set up a Corp. to take advantage of even more business benefits.
Why incur additional expenses till you have the income to justify them
JBW
[addsig]