Welcome: Who are you??
You need to talk to YOUR lawyer, hopefully someone who knows real estate
and also have YOUR accountant sit in
Professionals (like lawyers and accountants) are in the business of helping you.
Good luck, LUCKIEST
I am an accountant and my specialty is tax so I fully understand the tax implications. I'm looking at this more from a legal standpoint and wondering if my assets will be protected if they are all held in one C Corp, or if it would be better to have each property in a subsidiary. As a tax accountant, I tend to be overly cautious. I'm wondering if there is a need for subsidiary entities.
I will obtain firm legal advice if needed, but I'm just looking for others' opinions at this point.
Sounds like an ambitious undertaking. Does anyone have any advice or help to offer?
I'm starting to buy rental property and want to form a C Corporation to hold the real estate and pay the associated expenses. I'm not interested in flow through entities, as my intent is to accumulate profits in the corporation and use the funds to invest in additional properties with the ultimate goal of building retirement income. I'm at least 15 years from retirement, so I think this strategy is best for me. Anyway, I'm wondering if I should create a subsidiary entity for each property in order to protect each investment property individually. Is this a good idea, or am I being overly cautious? Since this will be supplemental retirement income, I would really like to have the best protection possible for my investments. If I do create subsidiaries within the C Corp, would LLC's be a wiser choice?