S-Corp or LLC for flips?

[Ben C.]

Hello, What are all my flippers out there using as their entity for flips? S-Corp or an LLC? Can you list the pro and cons of each for this specific application (flipping)? I have heard S-Corp you can potentially save some $ through minimizing self employment tax through "distributions". However, from my understanding you need to carry workmans comp insurance and their is more paperwork etc vs llc. My accountant is strongly suggesting an LLC. Seems like most flippers in my area are registered as LLCs on their flipping properties. Looking forward to this discussion.