If you are investing for the very first time then you do not have to worry about the protection of your asset. Do you really need to spend so much time in setting up your own business?
If you own an asset, or you have something which you would like to secure; then you are advised to set your very own business structure for that. There are a few questions which you have to answer before you step forward so that you are clear about everything before hand; what is the net value? Do you have any assets, which might be at risk? Do both questions answer "yes"? Then do not give it a second thought move on to the next level!
Let's say that you want to set a unit for properties for wholesale, LLC or C Corporation is the best for that. Now people get confused on who to rely but C Corporation is preferred by most because here you can dismiss your expenses than you can in LLC.
Does it really matter?
Let's make it simple for you; for example, you earn hundred thousand dollars, and you are charged 35 percent generally amount. Whereas, in a C Corporation, if you can make hundred thousand dollars, you can keep fifty thousand dollars as for your expenses, and you will only be taxed 15% on the expense amount!
Now you might have a question in mind that which expenditures can you cancel or write-off? If you have a welfare institute then your expenses for health and medicines are already covered; then you can be simple write off the expenses of a few things at your home. It sounds like a little unrealistic, but it's true!
C Corporations can help you cover up almost all your expenses, and you are even taxed little for that!