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Updated over 8 years ago,
LLC vs. S-Corp?
As a new investor, I haven't formed my legal entity yet. I have owned several businesses in the past and have always been advised by attorneys to form an LLC. and CPA's always advise an S-Corp due to tax advantages.
I am noticing that nearly everyone I've interacted with on BP has an LLC structure.
Are LLC's more real estate friendly? If so, why?
Not looking for legal/tax advice just curious why so many elected to go with LLC.
Any comments or thoughts would be appreciated!