505 East Jackson Street-Suite 303 - Tampa, Florida 33602
Phone: (813) 387-7724 - Fax: (813) 387-7727
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505 East Jackson Street-Suite 303 - Tampa, Florida 33602 Phone: (813) 387-7724 - Fax: (813) 387-7727
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Knowledge Is Key To Buying and Selling Real Estate By Attorney Miriam L. Sumpter Richard
WHAT IS THE BEST WAY TO BUY MY INVESTMENT PROPERTIES? One of the first decisions that you will have to make as an investor is the form of your business ownership for your investment properties. In the month of April, we will explore the various forms of business ownerships: (1) Sole Proprietorship; (2) Partnership; (3) Corporation; (4) Limited Liability Company, and finally; (5) Land Trust. A Sole Proprietorship is the way a vast majority of businesses start out. There is one individual responsible for every thing. Two advantages are: (1) All the income generated by the business comes directly to one person; (2) Profits from the business flow directly to the owners’ personal tax return. Two disadvantages are that:
(1) Sole proprietorships
have unlimited liability and are legally responsible (2) Your business and personal assets are at risk.
For More Information Contact: Tel:
(813) 387-7724
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