5/24/2012 3:50:31 PM
RE:When and how?
I think I have a similar question that is of course not something that can easily be answered.
What I am thinking is the following: I hear a lot that investing as a business is much better in legal anc tax terms as well, and can open up ways to get better and more credit.
My concern is that a starting corporation or llc - in any country, really - is a very large liability, and it takes experience and a steady base of assets to really use the possibilities it provides.
So the question is, from me, when do you guys suggest taking the leap? Do I start off by getting my shiny new c-corp, or do I first go out barefooted, hunting for deals, and upgrade when I have a steady passive cashflow that will support the expenses?