Before you put up walls or a roof, you must lay a solid foundation for your real estate business. Ensure you have the best legal protections and tax advantages to enhance both the long term viability and the profitability of your business.
Guardian law focuses on the needs on the real estate investor ensuring that our expertise and services match your unique needs. We are able to help you in all 50 states of the nation. This is a benefit to you as you are never limited by either where you live or where you invest, the best real estate deals are not always right across the street. We will be able to advise you with a national perspective on how to set up entities that give you the maximum advantages.
A proper entity structure will provide for you two main benefits.
- Legal protection
- Tax advantages
Have you ever heard the analogy that you should not keep all of your eggs in one basket?
The first reason any business entity is created is for legal protection, you want to separate your personal assets from your business. Without an entity structure, your business and your personal assets are all in the same basket, if you were to be sued for your business activity, your personal assets such as your house, your car and your savings are at risk. Creating an entity will create the separation you need to mitigate this risk.
Similarly, as your needs increase, you will want to separate your business assets from each other for the same reason; you do not want an issue with one business to affect your whole investment portfolio.
I am sure you have heard how businesses get better tax advantages, now is your opportunity to enjoy those expanded tax advantages. Our consultation will include advising you on the benefits of various entity structures and helping you to determine which the best fit to maximize your tax potential.
Each entity is customized with client specific articles of incorporation and tax designations. We can also dovetail your existing Estate plan into the entity structure. If you do not have an estate plan, we will be able to explain how this will benefit your business as well as your personal situation.