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Updated almost 8 years ago,
S-Corp vs LLC taxed as an S-Corp for flips?
Hello everyone!
I have a two pronged question...
Can you explain to me the difference between having an S-Corp vs an Llc Taxed as an S-Corp?
Lastly, I know some people simply say have a new LLC for every single flip. However, don't you want to build up company history over the long hall (so then these earnings can be counted as income for you when you for example go for a mortgage etc?).
Look forward to hearing everyone's answers and suggestions for the best structure for an exclusively flipping based business.
Many thanks!