Newbie Question

Is it necessary to set up a seperate company when starting out in REI to buy your properties or do you just buy them in your name?
TIA,
Randal

Comments(3)

  • maw16th March, 2004

    It is not necessary but smart. Limits your liability.

  • rgreenberg16th March, 2004

    What type of company would be best or does it depend on what type of REI you get into?

  • maw17th March, 2004

    A C corp is usually best but the most expensive. It really depends on what you are doing. You should consult your CPA and work together to determine what best fits your needs

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