Comments on: Can anybody answer this real estate investment company advice? http://fourstarinvestor.com/can-anybody-answer-this-real-estate-investment-company-advice/75/ Investment Advice for the New Economy Thu, 05 Apr 2012 05:09:28 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Big Deal Maker http://fourstarinvestor.com/can-anybody-answer-this-real-estate-investment-company-advice/75/comment-page-1/#comment-179 Big Deal Maker Wed, 13 Jan 2010 21:56:07 +0000 http://fourstarinvestor.com/can-anybody-answer-this-real-estate-investment-company-advice/75/#comment-179 If you start a corporation in the real estate business as a start up business to purchase any kind of property at this time you would need to have a personal guarantee to the purchase of any real estate deal. Once you have established a track record as a corporation. Then the banks will not longer be looking for the personal guarantee. If you decided to sell shares of stock. then your company has gone public. There are a ton of other things that you will need to worry about. In my opinion i would take a few partners and get a LLC. That is a limited Liablity CO. Remember a Corporation if not done right could have its vail broken and still go after you personally. If you start a corporation in the real estate business as a start up business to purchase any kind of property at this time you would need to have a personal guarantee to the purchase of any real estate deal. Once you have established a track record as a corporation. Then the banks will not longer be looking for the personal guarantee.
If you decided to sell shares of stock. then your company has gone public. There are a ton of other things that you will need to worry about.
In my opinion i would take a few partners and get a LLC. That is a limited Liablity CO.
Remember a Corporation if not done right could have its vail broken and still go after you personally.

]]> By: elle55407 http://fourstarinvestor.com/can-anybody-answer-this-real-estate-investment-company-advice/75/comment-page-1/#comment-178 elle55407 Wed, 13 Jan 2010 21:11:57 +0000 http://fourstarinvestor.com/can-anybody-answer-this-real-estate-investment-company-advice/75/#comment-178 I think you are right on starting as a corporation. HOWEVER...as legalities vary from state to state on private investors, I think you really need to find a good small business attorney in your area, pay him a fee, and find out the in's and out's from there. A lot to consider with investors. 1) Are they going to be silent partners? Or 2) Are they going to have an equal say in how the company is run? Would be worth the fee.to find a good business attorney to lay it all out for you. Or find a book on amazon about starting a business. Once you are using someone elses' money, the company is no longer yours exclusively, unless you have a proven track record and your investors are willing to leave you in full control. I think you are right on starting as a corporation.

HOWEVER…as legalities vary from state to state on private investors, I think you really need to find a good small business attorney in your area, pay him a fee, and find out the in’s and out’s from there. A lot to consider with investors. 1) Are they going to be silent partners? Or 2) Are they going to have an equal say in how the company is run? Would be worth the fee.to find a good business attorney to lay it all out for you. Or find a book on amazon about starting a business. Once you are using someone elses’ money, the company is no longer yours exclusively, unless you have a proven track record and your investors are willing to leave you in full control.

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