Is This Business Entity Model Correct?
I was told that a rule of thumb for business entities is as follows for tax purposes.
Keeper properties - LLC
Retail and Wholesale Properities - Corp.
Is this the general consensus?
What type of Corp is recommended for the retial and wholesale, S corp, etc?
What are the tax advantages of the two entities in this scenerio?
This article should help:
http://www.thecreativeinvestor.com/residential/Article452-Should_I_use_an_LLC_or_S_Corp.html