Incorporating My Real Estate Business
I just received my brokers license, for the mean time I'm looking to work independently and do co-brokes only(rentals and sales). Considering my personal actions are still liable(from what I've read) even with a corp. I'm weighing between getting a DBA and the appropriate insurance or incorporating. Since I have other real estate and business ideas that I might pursue, if I do incorporate now I'm thinking it might be beneficial to incorporate under a different name as opposed to the real estate name to save having to incorporate again down the road. Any ideas on this are greatly appreciated.
Aaron
For business success, all business moves should make sense even when it is not obvious why would you sacrifice queen, in the game of chase. In my opinion, although Inc or Corp transpires prestige on the business card, decision to form a corporation or an LLP instead of solo proprietorship always have to have additional reason, based on a "Do I need this or that" scenario.
Before you render a decision about your future company structure, ask yourself: Why do I need corporation? Is it the best way to achieve your goals, how much time would I spent learning how to do corporate minutes, keep the stocks and shares, etc? If you in the end decide to go for it, maybe forming the Nevada Corporation may be your best choice.
Use http://www.Google.com. Type in Nevada Corporation or just Corporation. You'll be surprise of the wealth of information you van get there.