Creating A Company

Greetings,
I am a young wannabe investor, one idea I would like to develop is to create a company to buy and sell property. (Really original I know) anyways the reason for the company is to have investors, basically share holders.

So my question to whom ever can help is. What are the stipulations for a company buying property? And were would be a good place to start creating a company?

Any input would help tremendously. Thank you!!

CbObBy

Comments(3)

  • MarkBarbato30th May, 2004

    The first thing you need to do is decide why you want to create a company and not do this under your own name (Tax Return - Schedue E or C). If it is to get investor money or capital then I would recommend a LLP.

  • cjmazur30th May, 2004

    also get aware of state and fed secuirties and lender laws to see what you can and can't do.

    See a sharp CPA and atty that both know real estate.

  • MarkBarbato30th May, 2004

    That's right, I forgot to include that. The public accounting firm I work for is involved with RE investors in Massachusetts and most of them are LLP's. But you need to discuss your specific circumstances to know for sure what is best

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