No. of Recommendations: 3
Wolf et al--

I'm considering some type of entity for my real estate holdings for 4 main reasons.

1.) Liability issues--If someone gets sue-happy it only affects my company, not my personal affairs.

2.) Security--If something happened and my business started to go down the tubes (god forbid) it would only affect my corporation, not my personal assets. This way I can keep creditors out of my personal credit when the business is the cause of the problem.

3.) I believe I can get a lower tax rate from a corporation than I can from running it through my personal tax rates. Corporations can be run very tax efficiently, but it would be hard to do that with my personal tax rate.

4.) It allows everyone to see my business and myself as two seperate entities. This makes life easier in my opinion.

These are my thoughts on the reasons why to incorporate.

Fool on!!
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