UBO(unicorporated business organization)
As a farely new real estate investor, I have a question: which is better in regards to protection and being able to conduct business.
I've read different articles regarding "s" corps verses LLC's. What about creating a UBO or Pure Trust to conduct my real estate investing?
I am not familiar with a UBO, we use LLC's here. My attorney actually suggested a seperate LLC for each rental owned to limit liability and possible suits. If you are just doing flips then you should be looking at the tax consequences of whatever you form, thats where the real benefits are.
Thanks for your imput.