Business Entities and Structures
Ask a traditional CPA, and she will probably say – corporation. Ask a seasoned investor, and he will likely mention an LLC, maybe an LP. Out-of-town crooked promoters will try to sell you Nevada entities. Who is right?
What is the best tool for asset protection? Do S-corporations avoid self-employment tax? Should you do flipping inside a self-directed IRA? These and other topics from Mr. Boddiford’s presentation to the Realty investment Club of Houston.
Like with many things in life, getting “in” was the easy part. Keeping up is not. Sure, the IRS is not much help when your plate is already full. You don’t have to be in perfect compliance, but some basic rules are critical to follow.
If you own a business registered with the state of Texas, you have an annual bother: filing Texas Franchise tax reports. This article helps you find and complete these simple but often confusing forms.