S-Corp Question

[Michael Schweiger]

I am currently in the process of closing on a property in Mississippi, but I currently live in NJ. My intention is to sell the property as soon as possible. I have read and been told that setting up a S-Corp to protect yourself is the right move for short term deals.

- Should the S-Corp be set up in NJ or Mississippi?
- Will I be able to use the same S-Corp for future deals in other states once I sell the Mississippi property or will a new S-Corp have to be set up everytime?

Any advice appreciated.