S corp as General Contractor & LLC as an investment company

[Aviv Peretz]

Hello,

I'm a general contractor in Los Angeles (S corp) and also own 3 properties in an investments company (LLC). My S corp makes much more $ than the LLC. What do I need to do in order to buy properties from the S corp (as business exp) and put them under the LLC?

Thanks for your help!

Aviv

[Zach Lemaster]

@Aviv Peretz

I definitely recommend speaking to an attorney and CPA on this. Disclaimer: I am not either a CPA or Attorney. Generally active income has tax advantages to run through an S Corp, or LLC with an S corp selection. It's highly advised not to own or purchase property that you plan on holding in an S Corp. If it's a flip that would be a different story.