COntract for Deed - Posted by Joe

import · March 22, 2005, 10:32am

Posted by John Merchant on March 23, 2005 at 13:26:44:

“I want the liability protection of the LLC and the tax treatment of a corp.”

Then you want a C Corp, not an LLC, as an LLC is always just a pass-through, and is never taxed as a corp, whereas a C Corp is only taxed that way.

BUT, a C Corp is a tangle of responsibilities such as requires a lot of looking after and thinking through and I’d sure recommend you sit down with a good corp. practicing lawyer and seek his/her advice before so committing yourself.

import · March 22, 2005, 10:32am

COntract for Deed - Posted by Joe

Posted by Joe on March 22, 2005 at 11:32:43:

Would using an LLC taxed as a corporation be appropriate when selling on a CFD?

Joe

import · March 25, 2005, 2:19pm

Re: COntract for Deed - Posted by John K Haslach, CPA, MST

Posted by John K Haslach, CPA, MST on March 25, 2005 at 15:19:20:

LLC’s can elect to be taxed as corporations and further elect to be taxed as S Corporations.

import · March 23, 2005, 9:49am

LLC is tax passthrough - Posted by John Merchant

Posted by John Merchant on March 23, 2005 at 10:49:59:

Your post is somewhat confusing, because it doesn’t state whether the LLC would be the buyer or seller.

But an LLC is NOT taxed as a stand alone corp and its profits are taxed to its owners.

import · March 23, 2005, 12:09pm

Re: LLC is tax passthrough - Posted by Joe

Posted by Joe on March 23, 2005 at 13:09:17:

Hello John, the LLC would be the Buyer/Seller. Buy and then immediately sell on CFD. I want the liability protection of the LLC and the tax treatment of a corp.

Joe