# Is forming a Corporation the best way to go?

**URL:** https://www.mineralrightsforum.com/t/is-forming-a-corporation-the-best-way-to-go/6127
**Category:** Weld County, CO
**Created:** [October 12, 2015, 5:40pm UTC](https://www.mineralrightsforum.com/t/is-forming-a-corporation-the-best-way-to-go/6127 "2015-10-12T17:40:09Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![JAG2](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/j/ba8739/32.png) [@JAG2](https://www.mineralrightsforum.com/u/JAG2)
#### Post date: [October 12, 2015, 5:40pm UTC](https://www.mineralrightsforum.com/t/is-forming-a-corporation-the-best-way-to-go/6127/1 "2015-10-12T17:40:09Z")

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I have producing wells and am receiving checks. Is it better just to let these funnel through as personal income or is it better to form a Corporation? I can’t seem to find any listings for Oil and Gas Accountants, and my Tax Accountant doesn’t seem to know what she is doing when it comes to mineral income.

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### Author: ![W\_Walker](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/w_walker/32/1069_2.png) [@W\_Walker](https://www.mineralrightsforum.com/u/W_Walker)
#### Post date: [October 12, 2015, 6:16pm UTC](https://www.mineralrightsforum.com/t/is-forming-a-corporation-the-best-way-to-go/6127/2 "2015-10-12T18:16:41Z")

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I have minerals in not only Colorado but also New Mexico and Texas. I use a CPA firm in Midland, TX and I think they do a great job.

Armstrong, Backus & Co [jrevelez@armstrongbackus.com](mailto:jrevelez@armstrongbackus.com) (432) 682-6258

I do not use an LLC.

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### Author: ![JAG2](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/j/ba8739/32.png) [@JAG2](https://www.mineralrightsforum.com/u/JAG2)
#### Post date: [October 12, 2015, 6:43pm UTC](https://www.mineralrightsforum.com/t/is-forming-a-corporation-the-best-way-to-go/6127/3 "2015-10-12T18:43:22Z")

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Thank you!

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:29pm UTC](https://www.mineralrightsforum.com/t/is-forming-a-corporation-the-best-way-to-go/6127/4 "2018-08-14T23:29:26Z")

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