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Updated 7 months ago on . Most recent reply presented by

Austin Williams's profile image
Austin Williams's profile image
Austin Williams
  • Wholesaler
  • from Indiana
  • Member since Aug 16, 2024
Connect

User Stats

18
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2
Votes
Austin Williams's profile image
Austin Williams's profile image
Austin Williams
  • Wholesaler
  • from Indiana
  • Member since Aug 16, 2024
Connect
Austin Williams
  • Wholesaler
  • Indiana
2
Votes |
18
Posts
Tax, SDIRAs & Cost Segregation

Entity Classification Election

Austin Williams
  • Wholesaler
  • Indiana
Posted

So I just created an LLC and it was formed with the State about a week ago so I have a little under 70 days left to decide which tax classification I would like to elect before it is defaulted as a disregarded entity, for a single owner.

What do you suggest is the best entity classification to choose from for a new, up-in-coming business owner to get the best balance between liability protection and tax advantages? 

  • Austin Williams
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