Own Nothing, Control Everything" John D Rockefeller You have to love that quote, John D Rockefeller was one of the greatest business leaders ever. He knew what he was talking about when he said it. What was he saying. The key to owning nothing but controling everything is what makes business tycoons like John Great. If you want to be a successful real estate investor you have to learn this. Putting property into your own name could get you into big trouble. If you have ever owned renatl property then you know one bad tenant could destroy everything you have built. If you did not know that then read on, and understand that an LLC can help to protect your assets and give you some great advantages. An LLC actually combines aspects of partnerships and corporations, so an LLC is less formal and more flexible than a typical corporation, yet offers protection as well as certain advantages that are much the same. For example, members cannot be found personally liable for company debts. Their assets are separate from the assets of the LLC so they cannot be seized. One of the advantages of an LLC is that taxation is based on the partnership model. Flow-through taxation is advantageous since members are only required to pay taxes on their earnings once instead of paying both corporate and individual taxes.
There are several benefits of running your real estate investing business with an LLC. The first benefit is protection. Make sure that you contact an attorney or tax professional. I use an LLC in my business and know several big time investors who also use them. An LLC, unlike a sole proprietorship or partnership, provides bullet proof asset, privacy and identity protection. Every person who owns rental properties should have them protected with LLC's. This way if something does happen you are protected and they cannot go after any of your other assets. Another reason is tax savings. An LLC allows business owners to keep more of what they make with access to hundreds of legal tax credits. An LLC gives a small business the appearance of a large credible and established company. It is important to establish yourself and your business as a brand. This way people who hear a company like Big Sky Property Solutions LLC know what you do and how amazing you are. The last is building business credit. An LLC has the ability to establish a separate, more powerful credit profile than an individual. The benefits of building business credit are access to capital. You can obtain cash, credit, platinum cards, auto and equipment leases without a personal guarantee. You can also build a business credit profile under the business name, completely separate from the individual owners' personal credit profiles. It also greatly increases your ability to obtain credit, leases, and government contracts with a verifiable business credit profile. Achieve peace of mind by having access to capital to ensure that the business can grow and prosper.
I hope this article gave you some great information about why every real estate investor should be using LLC's.
There are several benefits of running your real estate investing business with an LLC. The first benefit is protection. Make sure that you contact an attorney or tax professional. I use an LLC in my business and know several big time investors who also use them. An LLC, unlike a sole proprietorship or partnership, provides bullet proof asset, privacy and identity protection. Every person who owns rental properties should have them protected with LLC's. This way if something does happen you are protected and they cannot go after any of your other assets. Another reason is tax savings. An LLC allows business owners to keep more of what they make with access to hundreds of legal tax credits. An LLC gives a small business the appearance of a large credible and established company. It is important to establish yourself and your business as a brand. This way people who hear a company like Big Sky Property Solutions LLC know what you do and how amazing you are. The last is building business credit. An LLC has the ability to establish a separate, more powerful credit profile than an individual. The benefits of building business credit are access to capital. You can obtain cash, credit, platinum cards, auto and equipment leases without a personal guarantee. You can also build a business credit profile under the business name, completely separate from the individual owners' personal credit profiles. It also greatly increases your ability to obtain credit, leases, and government contracts with a verifiable business credit profile. Achieve peace of mind by having access to capital to ensure that the business can grow and prosper.
I hope this article gave you some great information about why every real estate investor should be using LLC's.
Anda baru saja membaca artikel yang berkategori dengan judul Benefits of a Limited Liability Company for Real Estate Investing . Anda bisa bookmark halaman ini dengan URL https://apollomatrixllc.blogspot.com/2013/06/benefits-of-limited-liability-company.html. Terima kasih!
Ditulis oleh:
roxy117 - মঙ্গলবার, ১৮ জুন, ২০১৩
Belum ada komentar untuk "Benefits of a Limited Liability Company for Real Estate Investing "
একটি মন্তব্য পোস্ট করুন