Business Owners

[Diode]

Originally Posted by takem2school

Difference between forming an LLC, inc, or Corp?

This is the next move for this month on my road to entrepreneurship. I’ve done my research, I’d just like to get some more insight from people who formed any of those above first hand.




End of the year I’ll be jumping into the real estate game and purchasing my first duplex/2 family home.


NC, your boy out here working.

Form an LLC to protect your personal assets from liability.

You're too small to incorporate and an S-Corp makes no sense in the real estate market as you carry a ton of liability and could be sued out of existence.

Should only be a couple hundred dollars worth of lawyer forms.