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Why do investors choose LLC's over S-Corp's?
I always see discussions where investors ask about creating an LLC for their business.
How come people never discuss S-Corps? Are they not common in the World of REI?
I currently own several S-Corps in other industries so I'm familiar with the structure of them, the requirements for them in my state, the tax benefits of them, etc.
Is there a downside to starting a new S-Corp to run all of my real estate investment endeavors through? Why are LLC's always suggested and that much more common?
Thank you in advance!