AboutRobert Doblmeier, M.Sc. Expertise I am happy to answer questions about Small Business Sales i.e. Small businesses with Gross Sales in the 250K to 50 million dollar range. The business must be privately or closely held(no publicly traded companies).
Experience Why me? I am a full time business broker with a 14-year history in real estate in New York and Florida. I taught the New York State Licensing course for 2 1/2 years. I am the winner of VRs’ Prestigious Bronze Award for 2006, and a major reason my office won the Centurian Award in 2006. After just seven months in this office, I closed the deal that resulted in the largest single commission in our offices’ history, a record that stood for over 1 full year. I am an instructor for the Small Business Development Administration, teaching a course I designed and created called "How to Buy a Business". I am a Certified Networker and have won the Notable Networker Award three times in one year. I am also an instructor for the Referral Institute, teaching the Referral Pipeline course. In 2006, I was nominated to the Presidents' Business Advisory Council on Small Business. Most importantly, I have amassed a large database of recognized professionals that can facilitate your transaction.
Organizations The Referral Institute, Business Networking International, International Business Brokers Assoc., German American Business Council,
Publications Small Business Development Corp. and various private newsletters.
Education/Credentials B.Sc. Stockton College, M.Sc. Long Island University,
Awards and Honors Centurion Award for 2006, Bronze Award for 3Q 2006, Recognition for the First SBA loan done in the Office.
Past/Present Clients I can not , for reasons of confidentiality name past or current clients. I can name industries where I have facilatated a transaction: marine, furniture, beauty industry, education, food service, automotive, home improvement, construction, and tax industry.
Question We want to start a real estate company. What classification of business should it be. LLC, Corporation, ..... It's not a company that will make money but is to save us money on real estate fees and commission when we sell properties which we currently own. We are located in Ohio. Thank you.
Answer Dawn, You must see a Local Tax expert for this. There are no clear answers based on the limited information you have given me. The best options from what you've given me would be an LLC, S Corp, FLP or straight LP arrangement.
You will need to consider the deductions available in each category, who is to incur the tax and the overall impact that has on family wealth planning. Real Estate fees are generally tax deductible in the year of the sale and the only other way I am familiar to make them less burdensome is to acquire the License and collect your portion of the fee. Additionally consider the cost to start and maintain each particular entity.
