SHOULD I HOLD MY INVESTMENTS AS A BUSINESS?

I have the 3 Investment let properties as well as I traffic currencies as well as Equities for the profit. Should I spin my investments as well as trade in to the business? If so, what make up should I use (sole proprietor, llc, etc..). If I wish veteran advise, who should I find out (accountant, lawyer)?

{ 2 comments… read them below or add one }

vegas_iwish October 4, 2010 at 3:41 pm

Rentals can do an LLC or perhaps 1 for each for safety against lawsuits, etc. Keep the trading out of any such company. Setting up the entities simple enough that requires no major professional help.

tsbr1963 October 4, 2010 at 4:37 pm

vegas is right…set up separate llc for each entity…that way if a tenant from building A sues the llc, they cannot touch the assets in building B cause it is a separate llc.

Go to both an accountant and an attorney to set things up and to do correct accounting. Vegas has been doing accounting for too long! It may be easy for him, but man, it is a pain for the rest of us!!

Leave a Comment

Previous post:

Next post:

http://www.maxprofitsinvest.com