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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Foreclosure Business Structure Posted by Ward-CA- on October 16, 2003 at 10:34 PM In Reply to: Business Structure posted by Chris on October 16, 2003 at 9:40 PM : Hello Ward, : I live in Southern California and I am getting ready to take your 3 day course in December. What would you recommend for structuring a business. I have read a few things about S Corps., C Corps., LLC's, LP's and GP's and wonder what would fit best for the Foreclosure business. : Peace, : Chris -=-=-=-=-=-=-=-=-=-=-=-=- Chris, I'd use an LLC for my operating company. I think it offers a great repellent to nuisance lawsuits. Also, I'd use the LLC as the trustee for my THT's. I'd use the Title Holding Trust format to take title to the properties I buy, whether I'm flipping or keeping them. If I'm going to flip a property I'd transfer it to a multi-member entity just before I opened escrow on it. See you in December. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hello Ward, : : I live in Southern California and I am getting ready to take your 3 day course in December. What would you recommend for structuring a business. I have read a few things about S Corps., C Corps., LLC's, LP's and GP's and wonder what would fit best for the Foreclosure business. : : Peace, : : Chris : -=-=-=-=-=-=-=-=-=-=-=-=- : Chris, : I'd use an LLC for my operating company. I think it offers a great repellent to nuisance lawsuits. : Also, I'd use the LLC as the trustee for my THT's. : I'd use the Title Holding Trust format to take title to the properties I buy, whether I'm flipping or keeping them. : If I'm going to flip a property I'd transfer it to a multi-member entity just before I opened escrow on it. : See you in December. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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