Trying to figure out s corp distributions

[James Bynum]

So, I'm investing with my parents doing flips, and we setup an LLC with me being a 50% member and my parents at 50%. From everything we've heard, if we make over $40,000 in profit that we should file as an S Corp and it will save us thousands come tax time.

The problem is, my parents have a lot more capital than I do and might want to take on bigger flips than I could go half on. So essentially I would come in at say 30% and my parents would come in at 70%. The problem that I'm seeing is that if we file as an S Corp we would have to distribute the profits evenly. I just can't figure out a way to make this work and not lose a ton of money to uncle sam.

Any help would be greatly appreciated. Thanks