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Updated almost 3 years ago,
Tax Classification and New LLC in Downstate Illinois
Good Morning,
I am currently setting up an LLC as the designated manager (COO). The other members and I have a significant amount of personal assets we want to protect, hence the LLC. The main focus of the business initially will be fix and flip and BRRR in order to increase available assets for future deals. Any recommendations on tax class (S-corp, etc)?
Thanks.