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Updated about 5 years ago,
S Corp as Holding entitiy for Serial LLCs?
Hey all,
First post, and I apologize in advance if I come off as a complete newbie, but I am so, here we go...
I am about to embark on a mid-career shift to Multi Family real estate investing. Learing everything I can, reading great books, taking classes, etc... My attorney has suggested that I form an S Corp as the holding company for each LLC I will form per property aquisition. My accountant has questioned whether it's worth the cost to set it up and manage (s corp) versus just doing all LLC's.
Are there any opinions out there where an S Corp could make more sense (Taxes, Risk Mitigation, Asset Protection, flexibility for future partnerships and business structure)?
Any and all help GREATLY appreciated.
Thanks so much,
Josh