Best entity to use in real estate investing,LLC or S-Corp?
What would be the best entity for real estate investing?
- If I were to buy a foreclosure, fix it and lease option it?
- If I were to get a property using lease option, leasing it for 2 years and then selling?
- Buying a property,fix it up,quick turnaround sale?
Thank You
JC
Asked on 6/23/04, 1:31 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Re: Best entity to use in real estate investing,LLC or S-Corp?
llc is fine.
Answered on 6/23/04, 1:35 pm
Tonia Troutwine, Esquire -
Troutwine Law Group. LLC
Re: Best entity to use in real estate investing,LLC or S-Corp?
An LLC will provide more liability protection. You may want to investigate the different tax advantages of using an S-Corp vs. an LLC. Then weigh your liability concerns against any potential tax advantages that an S-Corp may offer.
Answered on 6/24/04, 8:04 am
