Q: Im interested in forming a company dealing in Realestate mainly for flipping houses. Should I create an LLC or a Corp?
A:
There are multiple factors to consider, and you will be much better off discussing the matter in a one-hour consult with a lawyer. Be prepared to answer questions like:
• are there any non-resident owners or investors
• are there potential liabilities in any of the separate acquisitions
• what is the cash flow picture anticipated immediately and over time
• will the properties be commercial or residential
There are many other questions that will enter into a seasoned answer to your question, but it can be reasonably sorted out by a discussion with experience counsel.
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