Setting up a newbie rehab business

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Posted by Jim on December 26, 2002 at 21:49:01:

Hello

My name is Jim I am from Los Angeles, California. I have been putting my team together to rehab properties. I have structured the process to work where I do all of the active work. I will get funding from a hard money loan and equity investors. I am asking what entity would work best. My biggest concern is that I have control of the deals. My other concern is writing the contract for the investor. I initially thought that the best structure would be to set up an LLC and use LP's to negotiage may deals with the investors. Since reading your article I have questioned that idea. You were talking of the S-corporation and now I am not so confident. If you could give me some insight into the measures I could take to protect my company I would appreciate it. By the way this is a rehab business.

Thanks
Jim

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