Why the Rich Buy Property Under a Corporation (And You Can Too)
Name or Inc.? When you register for our auction, you check a box: Individual or Corporation. Most check Individual. The smart money often checks Corporation. The Benefits The Requirement You will need a Board Resolution or Secretary’s Certificate authorizing you to bid. It takes an extra day to prepare, but it saves headaches for decades.
Name or Inc.?
When you register for our auction, you check a box: Individual or Corporation. Most check Individual. The smart money often checks Corporation.
The Benefits
- Liability Protection: If you get sued personally, the asset is safe inside the corp.
- Expense Deduction: Depreciation of the building, repairs, and mortgage interest can often be claimed as business expenses (consult your accountant!).
- Estate Planning: It is easier to transfer shares of stock to your heirs than to transfer a physical land title.
The Requirement
You will need a Board Resolution or Secretary’s Certificate authorizing you to bid. It takes an extra day to prepare, but it saves headaches for decades.
