LLC vs. S-Corp?

[Mike Brabham]

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!

[James Lusk]

This question was perfectly timed. The latest podcast, 196 with Brandon Hall goes over LLC vs S-Corp vs C-Corp. He has lots of great pointers in there. If you had any more detailed questions after listening you could ask Brandon on the show notes too. Best of luck!