Manuel Angeles, Home Loans Made Easy (Doorway Home Loans NMLS #222730)

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Rainmaker
3,913,132
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I am an S-Corp. That's all I will say about it in public forum. My finances/tax structure and rationale for same otherwise are no one's business.

As for tax advantages/liabilities you are better off consulting with a tax specialist and CPA.

Oct 27, 2019 10:12 AM
Rainmaker
1,362,448
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That's best to discuss with your personal attorney and tax guy/gal.

Oct 27, 2019 10:20 AM
Rainmaker
833,416
Peter Mohylsky. Broker Associate
Miramar Beach - Santa Rosa Beach, FL
THE BEACH IS OPEN AND WAITING FOR YOU

Check your local state requirements.  

Oct 27, 2019 04:52 PM
Rainmaker
4,026,097
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Your best advice will coe from your CPA who understands your particular needs and goals.

Oct 27, 2019 02:51 PM
Rainmaker
1,839,387
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

The brokerage I purchased years ago was an S- Corp and my accountant felt it was a good fit so it remained an S -Corp until I sold it Manuel Angeles . The best advice for this would be your CPA and if you do not have one seek one out who has RE experience.

Oct 27, 2019 02:19 PM
Rainmaker
5,373,254
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

California does not allow LLC for a brokerage...check with your state's rules, talk to a CPA or financial adviser.  A

Oct 27, 2019 11:34 AM
Rainmaker
5,570,688
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

those are great questions for an attorney whose expertise is corporate law.... 

I was always a "worker bee" and "sales manager"....

Oct 27, 2019 11:01 AM
Ambassador
5,219,867
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Best to get a business strategist that knows these things to work with you in developing the best solution for your situation.

Oct 27, 2019 10:37 AM
Rainmaker
1,624,572
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Individually, we were Llc s and for corporate C Corp

Oct 28, 2019 07:47 AM
Rainmaker
715,538
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Talk to your accountant. It depends on your purpose.

Oct 28, 2019 04:50 AM
Rainmaker
519,701
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

That is a question for your cpa

Oct 28, 2019 04:40 AM
Rainmaker
2,611,810
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Manuelito: Let your tax people in on this conversation...S corp is popular

Oct 27, 2019 02:17 PM
Rainmaker
1,698,398
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

S corp.

Oct 27, 2019 02:10 PM
Rainmaker
3,298,033
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

For me an LLC worked best

Oct 27, 2019 12:01 PM
Ambassador
4,495,843
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I would discuss with your CPA and perhaps a tax attorney to get the best advice for your situation.

Oct 27, 2019 11:12 AM
Rainmaker
666,153
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

My Broker set it up as an LLC. 

Oct 27, 2019 10:09 AM
Rainmaker
2,062,259
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

LLC, S corporation.

Oct 28, 2019 09:54 AM
Rainmaker
1,596,476
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Not a broker...

Oct 28, 2019 09:26 AM
Rainmaker
806,837
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I chose LLC for my real estate brokerage; you should discuss those options with your accountant.

Oct 27, 2019 01:08 PM
Rainmaker
468,389
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

I don't have a brokerage but I am set up as an S Corp for my real estate biz.

As other's have mentioned - it's best to contract a good local CPA for guidance on such a question/situation.

Oct 28, 2019 08:00 AM
Rainmaker
1,727,345
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

S corp

Oct 29, 2019 07:32 PM
Rainmaker
1,707,347
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

S.

Oct 28, 2019 06:41 PM
Rainmaker
3,842,986
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I when LLC but lots go S-Corp

Oct 28, 2019 09:03 AM
Rainmaker
1,136,887
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

A question your CPA can answer better.

Oct 28, 2019 08:38 AM
Ambassador
3,002,594
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Seek tax and legal advice ... just as I did.  What is best for me may not be the right direction for someone else. 

Oct 28, 2019 08:30 AM
Rainmaker
4,741,554
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

S Corp

Nov 01, 2019 01:53 PM
Rainmaker
869,324
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I am not a broker. I am an independent contractor.

Oct 29, 2019 04:31 PM