Investors
The Sools offer to the investor comprehensive advice on residential properties, commercial properties, and development opportunities. We also offer advice on legal requirements, taxes and financing starting as low as 5%. The Sools finds the specific property best suited for each investor, and looks to maximize the bottom line profit.
The Sools also offers a comprehensive property management option. We have a full staff that deals with any leaseholder concerns and keeps our clients well informed. The clients can monitor their properties and the rent collected via an online system (www.thesools.com). Our clients have peace of mind that their investments are looked after locally by an experienced and professional staff that is prepared to handle any situation that may arise.
Our staff will walk you through the Acquisition Process
The Sools is pleased and proud to provide our clients with assistance in:
•Foreclosures
•Short Sales
•Waterfront Properties
•Pre-Construction
•Property Management
•Opportunities
•Condos & Townhouses
•Single Family Homes
•Listing and Selling Your Property
Additional Investor Considerations…
For many years, investors have found it attractive to purchase real estate in the United States. Miami and South Florida has become the center of attention for many of these investors. The warm climate, the beaches, and the strong latin-american community are some of the reasons investors choose to invest in Miami.
The US Real Estate Market is a great place to invest in real estate, but you should first learn the tricks and the trade of US Investment Strategies. We will educate you on how to buy, how taxes work, what happens when you sell a property, and other investment vehicles. Many investors find it is best to purchase their real estate investments using an LLC or a Corporation.
Why Incorporate?
In the U.S., "Incorporating a company" means "form a company." There are 3 main benefits to forming a company in the U.S. for your Investments.
Personal Asset Protection
The major reason why individuals choose to pursue a business through a company is to achieve protection over their personal assets, such as your home, family savings, other companies, and others.
In case the business fails, these personal assets can not be touched. They will, therefore, be protected from creditors. In other words, creditors can not go knock on the doors of the shareholders. Most investors of real estate choose to have each of their properties under a different company for this reason. If there is a problem in a property owned by a company that results in a lawsuit, only the assets of that company are at risk. Any of your assets under a different company are not at risk.
This limited liability of these corporations does not apply to so-called "Sole proprietorship" or "partnership" - actually - where company owners respond with their own property for the debts of the company.
Tax Advantages
While corporations or LLCs may establish earnings deductions to reduce the payment of this tax, the other informal structures such as sole proprietorship or partnership does not enjoy these benefits. For example, medical expenses, life insurance or disability, are fully deductible for corporations.
On the other hand, a corporation may own shares of another corporation, and receive 80% of tax-free dividends.
Anonymity
In some cases, using a company for your Investments is a way to stay anonymous. There are many reasons for an investor to remain anonymous. Some states in the US offer a higher level of anonymity. Delaware is a state known to deliver a higher level of anonymity.
Other Benefits
In case of death of one of its owners, the company can continue to operate as the direction is independent of the shareholders. The property is easily transferable (which does not happen often with the LLC, where all members must agree).
Business is much easier having a LLC. Banks and businesses will be more willing to do business than they would face if a natural person.
Tax Returns
If you choose to do business in the US, you will be responsible to file your taxes in the US for each year you do business. If you purchase real estate using a company, then your company must file. In some cases, the owners, or members, of the company will also have to file a tax return.
Advantages of forming a Company in Florida
Florida carries potential for small business owners seeking asset protection. A Florida LLC combines the liability protection of a corporation with the tax treatment and ease of administration of a partnership.
Forming a LLC in Florida also offers:
1.Pass-through taxation. LLCs typically enjoy pass-through taxation where the members (owners) report their share of the LLC's profit or loss on their individual tax returns. Any tax due is then paid at the individual level. Multi-member LLCs file an informational (partnership) tax return for the LLC, while single-member LLCs report all income or loss on Schedule C. Pass-through taxation sidesteps the double taxation incurred by C corporations when income is taxed at the corporate level and again at the individual level if corporate profits are distributed as dividends to owners (shareholders).
2.Flexibility. LLCs generally have no restrictions on the number of members allowed, and members have flexibility in structuring management of the company. Florida LLCs can also select varying types of distribution of profits. Unlike a common partnership where the split is 50-50, an LLC has room for much more flexibility.
3.Fewer formalities. The LLC business entity requires no corporate minutes or resolutions, making it easier to manage. Holding annual meetings of members and documenting major business decisions is still recommended, however.
4.Subsidiaries. Unlike Florida S corporations, Florida LLCs are allowed to have subsidiaries without restriction.
How Long Does It Take To Form My Company:
Once we receive your application, it will take between 4 to 5 business days to form your company. You will receive the following documents to get you started:
•Articles of Incorporation
•Certificate of Status
•Federal ID Number
What Are My Obligations Each Year Once I Open My Company
Every year, you will be required by the state of Florida to renew your company. The cost of this renewal is $150 per year. You will also have to file a Federal Tax Return each year following the year in which you incorporate. If you open a C-Corporation, you will also have to file a State Tax Return with Florida.
Advantages of Forming a Company in Delaware
Delaware is also a great option for forming companies. In fact, Florida and Delaware share many of the same benefits for forming companies. Aside from the benefits listed above that pertain to Florida, Delaware has the added benefit of full anonymity. Read below for the advantages of forming an LLC in Delaware
Additional Advantages
•Anonymity: Company records are not open to the public. Owner and/or members of a company are not easily found on the internet. In order to find information about the owners of a Delaware company, a fee must be paid. For this reason, Delaware offers more anonymity.
•Limited liability: Owners of an LLC have the limited liability protection of a corporation.
•Flexible profit distribution: Limited liability companies can select varying forms of distribution of profits. Unlike a common partnership where the split is 50-50, LLC have much more flexibility.
•No minutes: Corporations are required to keep formal minutes, have meetings, and record resolutions. The LLC business structure requires no corporate minutes or resolutions and is easier to operate.
•Flow through taxation: All your business losses, profits, and expenses flow through the company to the individual members. You avoid the double taxation of paying corporate tax and individual tax. Usually, this will be a tax advantage, but circumstances can favor a corporate tax structure.
How Long Does It Take To Form?:
Once we receive the signed paperwork back from our clients, your company in Delaware will be complete and ready to use in 5 to 10 days. The state will send the original paperwork to the mailing address we utilize for the company.
What Type Of Upkeep Does It Require?
Every year, by June 1, you must renew your company in Delaware. If your company does business in the state of Delaware, you may also have to file a State of Delaware tax return.
If you own a company in Delaware you must renew you registration each year (at the beginning of the year). A company in Delaware expires on July 1st. If you do not renew on time the state charges a $400 penalty.
The Sools can help you to renew your CORP or LLC in Florida. If you do not renew the state may not recognize your CORP or LLC limited liability protection anymore