LLC for property holding -- SMLLC or S-corp
Dear bp family,
I just formed my llc that i want to hold my rental property in..
My next step is to get an EIN number for the company..
I need it to start the bank account for the business aka my rental property
My options are to file as a single member llc (smllc) or to elect and be taxed as an s-corp or c-corp
I need help deciding before i do before i elect .. how does this work ?? Whats my best option
?