Landlord Question and Answer Forum
I own a condo in the Philadelphia area and plan to rent it in the near future. Is it best to do this as a Sole Proprietor using my SS# or do most people rent under a business entity? I guess I want to start out on the right foot. Any input is appreciated.
william p, PA on Wednesday, January 23, 2008
RE: New Landlord in PA
There are several schools of thought here. I owned a commercial property and formed a Corp for it as it limits liability. I am not sure how beneficial that would be with a single residential property. But if you are planning on creating a larger portfolio, it may be wise to go in that direction. Love to hear other comments on this question. It is a really good one!
Posted by
Denise S, PA
on
Wednesday, January 23, 2008
Author:
Jacob W, WI
Updated:
06/24/2019
|
Author:
Harold P, MO
Updated:
12/15/2021
|
Author:
Jared B, UT
Updated:
11/09/2015
|
Author:
Troy D, WA
Updated:
12/09/2014
|
Author:
Scott H, IA
Updated:
02/11/2012
|
The forum is completely free to anyone! If you wish to post a message, you must
log in. If you are not registered already,
Join today to create a free account!
Any comments and opinions that are expressed by the users of this forum are solely
those of the authors, and have not been reviewed or approved by ezLandlordForms.