Looking for input on forming a new corporation with the sole purpose of purchase existing production leases.
Curious on what type Corp (S or C)? Could this be done with LegalZoom (online service) vs a $400/hr attorney? Also curious about expense costs vs capital costs and where existing tanks, rods, casing, pump jacks etc would be factored into the year 1 calculations. Obviously looking to maximize year 1 with expense costs (losses) rather than capital/depletion costs that need to be amortized.
Thanks.