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Updated almost 9 years ago on . Most recent reply

Eric Griemsmann's profile image
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Eric Griemsmann
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  • from Stuart, Florida
  • Member since Mar 17, 2016
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Eric Griemsmann's profile image
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Eric Griemsmann
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Eric Griemsmann
  • Investor
  • Stuart, FL
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Tax, SDIRAs & Cost Segregation

LLC? or LLC Taxed S corp.?

Eric Griemsmann
  • Investor
  • Stuart, FL
Posted

Need some advice just started my Rehab Business and wanted to get input as to what might be best for my business in how I should tax the business. Could anyone help explain and educate me. Thanks in advance. 

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Greg H.
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  • from Austin, Texas
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Greg H.
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied
Originally posted by @Mike Abramowitz:

@Steve Vaughan You may want to reconsider this based off the fact with paying yourself dividends because you are in fact being taxed twice. First with the 20-45% from the S corp and then again the 15-20% from LT Capital gains. 

A LLC taxed as an S Corp is still a pass through entity and therefore has no corporate taxes

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