Friday, July 16, 2010

.What kind of coporation should I form if I have 10 investors want to buy homes from auction.?

all the investor want to invest in my corporation.So it should be LLC or S- corporation.They all want to buy home from auction. At auction you have to have all cash.So they are going to put cash in my corporation..Please advise..What kind of coporation should I form if I have 10 investors want to buy homes from auction.?
You will either need to create a partnership with general partners and limited partners to reduce the liability on the people that are there as simple investors.





Otherwise, you can incorporate and have a management team and just take investors money.

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