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	<title>Financial Enlightenment Club &#124; REIA &#187; fec guest posts</title>
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	<description>The Best REIA Club to Network, Empower &#38; Prosper in Real Estate Investing  2010</description>
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		<title>REIA &#124; Thinking of forming an entity?</title>
		<link>http://financialenlightenmentclub.com/2010/04/20/forming-an-entity/</link>
		<comments>http://financialenlightenmentclub.com/2010/04/20/forming-an-entity/#comments</comments>
		<pubDate>Tue, 20 Apr 2010 05:22:15 +0000</pubDate>
		<dc:creator>ajish</dc:creator>
				<category><![CDATA[fec articles]]></category>
		<category><![CDATA[fec event]]></category>
		<category><![CDATA[fec guest posts]]></category>
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		<category><![CDATA[general]]></category>
		<category><![CDATA[Taxes & Tips]]></category>
		<category><![CDATA[an llc]]></category>
		<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[forming a real estate partnership]]></category>
		<category><![CDATA[forming an entity for real estate investing]]></category>
		<category><![CDATA[franchise tax board fees]]></category>
		<category><![CDATA[jeff lerman]]></category>
		<category><![CDATA[karen roberts and jeff lerman]]></category>
		<category><![CDATA[lerman law partners. real estate lawyer]]></category>
		<category><![CDATA[working with partners on real estate deals]]></category>

		<guid isPermaLink="false">http://financialenlightenmentclub.com/?p=898</guid>
		<description><![CDATA[    11 OF THE BIGGEST MISTAKES REAL ESTATE INVESTORS MAKE WHEN SELECTING AND FORMING AN OWNERSHIP ENTITY

1. Not considering the fact that you may not need an entity at all

    1.1. For example, with smaller properties, the formation and operating costs may outweigh any benefits:

        1.1.1. estimate your maximum potential liability (other than your property debt)
        1.1.2. determine how much you can protect through insurance
        1.1.3. evaluate the remaining potential liability to determine if the benefits outweigh the costs of forming and operating an entity

2. Not identifying all potential conflicts of interest with your co-owners before deciding to hire a single attorney to represent everybody, for example:

    2.1. different tax objectives
    2.2. different abilities to contribute capital
    2.3. different target lengths of holding period
    2.4. different exit strategies

3. Not getting your tax advisor involved in the entity selection decision.

More here at FEC/REIA]]></description>
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		<title>Realtor News: Meet Shanna</title>
		<link>http://financialenlightenmentclub.com/2010/02/08/realtor-news-meet-shanna/</link>
		<comments>http://financialenlightenmentclub.com/2010/02/08/realtor-news-meet-shanna/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 23:36:08 +0000</pubDate>
		<dc:creator>karen</dc:creator>
				<category><![CDATA[fec guest blog posts]]></category>
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		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[shanna ponce]]></category>

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		<description><![CDATA[Welcoming  Shanna to FEC “Creating relationships for life” is the motto that Shanna Ponce lives by. As a realtor,  Shanna is able to assist buyers and sellers at a very important stage of their lives and believes that it is essential that she bring them [...]]]></description>
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