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Old 04-18-2011, 09:11 PM   #16
pawcio
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Quote:
Originally Posted by MrRWD View Post
numbered company is great, but harder to get a mortgage. It's most likely commercial mortgage then.

.. liability wise... a numbered company is great..

once you have three houses... it's a true business.. worth INC yourself.
I think the third house and every house after that should be incorporated individually.
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Old 04-19-2011, 12:57 AM   #17
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I think the third house and every house after that should be incorporated individually.
I think you'd want to have all houses under the incorporated company, once you hit that 3+ homes...... makes filing taxes easier..

tax benefits.. write-offs etc... can have an employee (part time)... buy tools for the corp...
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Old 04-19-2011, 09:03 AM   #18
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I think you'd want to have all houses under the incorporated company, once you hit that 3+ homes...... makes filing taxes easier..

tax benefits.. write-offs etc... can have an employee (part time)... buy tools for the corp...
might make filling taxes easier but if it gets too complicated hire an accountant.
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Old 04-19-2011, 09:20 AM   #19
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We are planning to hire accountant,let him handle the details of the yearly paperwork.Can car expenses and everyday expenses like gas,telephone,etc,etc be written off if we create a number company,can we set up a office in our home and write those off also?...
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