How do i legally open up my own Real Estate Investment Company?

Just wondering how i legally open up my own Real Estate Investment company. Is a LLC or an INC better?

Your best bet is to register as an LLC - it is a lot more flexible than a corporation. Additionally, from my observations, most real estate investors prefer LLCs rather than corporations. In fact, most of Donald Trump's companies are LLCs.

Anyway, to open a real estate investment co., you must have a name for your company, and you must register it under a state. Most real estate investors register their companies in Delaware or Nevada because these states seem to be the most flexible when it comes to business. You'll have to pay an initial fee for registration and annual taxes for your profits. To register, go to www.corporate.com for further information.

BTW, you'll also need to hire a lawyer and an accountant to avoid legal issues and pay less taxes.

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