Corporation vs LLC for Real Estate Investing

In this video, real estate asset protection attorney Clint Coons covers the difference between using an LLC versus a Corporation for real estate investing.
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

[@ClintCoons]

Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/gv1

[@alexandermorse1306]

This is absolutely gold advice. Thank you so much! Instant subscriber

[@ClintCoons]

Thanks for the sub!

[@John-zh6ld]

Exceptional job!

[@idontwantachannelimjustcom7745]

So if someone decides to go to school for nursing. If they get student loans, does this still apply? Like 1. Form Corp. 2. Go to school 3. Graduate 4. Disolve Corp. 5. Write off school cost every year until it's all covered. 6. I believe interest on student loan interest is personally deductible too.

[@MarcusLeepapi]

Thank you....

[@user-tk8gi2ls5m]

Hello Clint I appreciate your time and education here .

[@ClintCoons]

Ecaterina Cretu Thanks for watching.

[@elijahrose7913]

Love it

[@mansardmanor3869]

Your information is a great asset; Your presentation is like reading fine print on a contract. As you're a professional, I would hope that you consider the optics on your KZbin video. The wall example is very difficult to follow.

[@Sunman9]

Thank you

[@ClintCoons]

You're welcome

[@Gierboo]

I will have investment properties I want to rent out in Florida. Is it better to set up an LLC so I don't get sue? What are the tax benefits? Thanks in advance and love your videos! #MiamiKid

[@saml.6704]

Hi. I am in CA and I want to avoid the $800 franchise tax board annual tax which I understood is possible with a LLC pass through entity. Would I be able to avoid the $800 annual franchise board tax if I form an S corp as recommended in this video? Thank you.

[@sajksak4146]

Hi the same problems.

[@ultrabaron]

After your LLC is formed, and you have chosen the way it's taxed (C, S, P, D), how can you modify the C, S, P, D later on?

[@ClintCoons]

You need to make for a change of accounting election within 2 months and 15 days after the end of your tax year.

[@LeeG260]

I've watched many of the videos on this channel and have been able to understand them very well and have actually forwarded them to a number of friends. However, in this one I must be missing something in that all of the things you described all tend to lean towards selection of an LLC and operating it for tax purposes in one form or another, but the final conclusion is to opt for a corporation. For my own understanding, is there someplace that discusses this further, as it would appear that on the flow through entities you might end up in the same position, being able to write off the remaining unreturned investment? What am I missing? Thank you.

[@ClintCoons]

If you have significant startup expenses then I would select a traditional corporation to preserve the 1244 stock loss treatment.

[@imnotaloneheswithme7061]

@@ClintCoons hi, I hope this makes sense. My quest is to find who is the ultimate corporation sole over the land (US). Since we are not allowed by federal law to own allodial title property and most homes are owned in fee simple. Does this make the state the corporation sole? If so who gave the title to the state, the king? Thank you

[@GeneralVenomX]

@@ClintCoons In other words if you will not have significant startup expenses or you will stay in business long enough to recover those costs then an LLC would be the better choice, correct?

[@ClintCoons]

@@GeneralVenomX Probably but you should speak to a CPA or strategist to review your situation.

[@Davion_savant]

Hello Clint I appreciate your time and education here .

[@ClintCoons]

You bet