Posted by JHyre in Ohio on May 30, 2002 at 02:54:20:
Depends upon various personal details and your home state. Without knowing more, LP or S-corp or usually best bet, because flipping involves “active income” that normally gives rise to social security taxes- and LP’ and S-corps can help minimize those taxes.
John Hyre
What’s better LLC or Corp…for WHOLESALING - Posted by Brandon Holmes
Posted by Brandon Holmes on May 29, 2002 at 19:24:02:
I am fairly new to REI and i have decided to start off very basic with wholesaling properties to investors, pertaining to taxes what is the best way to make the most profits. Should I do all my deals through an LLC or a Corp?
Thanks