"S" corporation or LLC? - Posted by JoeP(VA)

import · March 5, 2003, 7:07pm

Posted by Dan (Md) on March 06, 2003 at 19:31:25:

Bill Bronchick has a very good article on this topic, I’m in the process of setting up an S corp for my Lonnie deals…here’s the link,

http://www.creonline.com/articles/art-096.html

Dan

import · March 5, 2003, 7:07pm

“S” corporation or LLC? - Posted by JoeP(VA)

Posted by JoeP(VA) on March 05, 2003 at 20:07:14:

I buy and sell mobile homes using Ernest Tew’s lease option forms (rent to own), if anyone else out there does this using Ernests’ forms, would you recommend forming an “S” corporation or an LLC? Thanks for the info…

import · March 6, 2003, 2:01pm

Re: “S” corporation or LLC? - Posted by Mike(Al)

Posted by Mike(Al) on March 06, 2003 at 15:01:29:

Joe,For flipping I use a C corp.An S corp works well when starting out.For buy/hold I use LLC’s.Just my 2 cents.

import · March 6, 2003, 5:11pm

Re: “S” corporation or LLC? - Posted by Deb (MN)

Posted by Deb (MN) on March 06, 2003 at 18:11:30:

For those of us soaking up all we can, would you please expand a bit on your rationale for using each of the entities (S-corp, C-corp, LLC) in each situation? Many thanks.