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Updated about 7 years ago,
Best way to structure my entity?
Hey so I'm going to set up an LLC to flip houses under in a couple months and I need some info on how to exactly structure the entity. I know a lot of people use the S Corp election for flipping houses because of the tax benefits associated with doing so, but I have other investors on the deals I'm doing and my CPA said it would be a lost simpler to use an LLC without the S Corp election for what I'm going to be doing. Anyways, I'm wondering if there's a way to give people different amounts equity in each deal under the LLC without giving up equity in the LLC itself. I want to be the sole owner of the actual entity but have the flexibility to have different investors with different amounts of equity in each deal I'm going to be doing. If anyone has any info on this that would be greatly appreciated.