Hi All,
I’ve been trying to research the advantages of each entity type and find aside from the asset protection standpoint is there an advantage of C or S corp or LLC? It seems even with those, flipping will result in taxation as ordinary income. It seems if I were interested in rentals it would be different, but at this point I’m trying to get good at one technique first. I’m not interested in the fringe benefits, (decent benefits through work) so w/ a corp/LLC it would seem I’d owe payroll taxes in addition if I pay myself and still have the hassel of maintain the corporate/LLC records. Any thoughts on advatages/disadvantages when considering flipping only?
Thanks!