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Updated about 11 years ago,

Joe Luciano's profile image
Joe Luciano's profile image
Joe Luciano
  • from Rapid City, South Dakota
  • Member since Aug 1, 2013
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Joe Luciano's profile image
Joe Luciano's profile image
Joe Luciano
  • from Rapid City, South Dakota
  • Member since Aug 1, 2013
Connect
Joe Luciano
  • Rapid City, SD
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10
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Tax, SDIRAs & Cost Segregation

Just Starting with buy and Hold - LLC or S Corp Needed?

Joe Luciano
  • Rapid City, SD
Posted

I'm trying to understand whether or not it is recommended to create a LLC or S Corp from the start. I plan to buy and hold multi-family homes and create a passive income. Do I wait until I have 5 - 6 properties and then form an LLC or S Corp? If I make an LLC or S Corp, how do I pay myself without having the income be viewed by the IRS as "Earned Income"?

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