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

1. Liability Protection: If you get sued personally, the asset is safe inside the corp.
2. Expense Deduction: Depreciation of the building, repairs, and mortgage interest can often be claimed as business expenses (consult your accountant!).
3. 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.