Entity structure for tax liens

[Jimmy H.]

I formed a single member LLC for purposes of purchasing tax liens in my county this summer.

My intention is to get some experienc ethis year so that I am knowledgeable enough to raise capital for next years tax sales.

My question is: Is LLC appropriate.

It is a single member, and I know many people would advise that a single member LLC doesn't provide much seperation or protection as it is viewed as an extension or your personal business activity.

But, if I plan to raise capital eventually what is the best entity type.

Also, for tax purposes, should I elect S or C corp status or just let it pas thru as a typcal LLC?

Other thoughts?