Should I be incorporated doing subject to deals?
Hi guys,
$Cash$, this one is for you!
1) I don't know much about corporations, and I was wondering if we NEED to be incorporated doing subject to deals (Using John Locke's method)?
2) Should we be incorporated for additional protection?
3)What would be the advantages? Are there any disadvantages?
4)Is it a no brainer what type of corporation to use?
Thanks everyone! 
Bginvestor
bginvestor,
Good question, so I will give you what I feel is the appropiate way a new person should start.
I am keeping in mind here that some of you do not have all the 'sheckles' required to immediately set up the Corporate Entities you need, but I would sure get them in place with money from your first deal.
This is another very good reason that I wrote the Big Bucks Birdogging E-Book, make some money then put together a structure to protect you and your family.
The first thing we look at is "Personal Asset Protection", this can be accomlished with a Family Limited Partnership. This Partnership structured properly gives you the ultimate in personal asset protection.
From this point you structure your Trusts, and Corporate entities. I sometimes recommend LLC's as legal entities for your properties though a simple Land Trust, Bill Bronchick has a great Land Trust and he is a Channel Partner here at TCI.
Of course let's keep in mind that your situation may not be the same as someone elses, so bottom line when the time comes seek professional help.
John $Cash$ Locke