Can anyone tell me why an S Corp is better for buying and selling properties than an LLC is? I hear people say that all the time but I don't no the reasoning behind it. Thanks
my lawyer suggested an s-corp, along with an llc,
tax advantages of each, i cant remember the exact variances, forgive me, but he pushed hard to create both at the same time, one can play off the other, for different purposes, so, if you are considering either one, ask your lawyer or accountant, if you should create both, there may be state tax laws that differ,,from state to state.
my lawyer suggested an s-corp, along with an llc,
tax advantages of each, i cant remember the exact variances, forgive me, but he pushed hard to create both at the same time, one can play off the other, for different purposes, so, if you are considering either one, ask your lawyer or accountant, if you should create both, there may be state tax laws that differ,,from state to state.