LLC vs S-Corp

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I'm looking to start a company with two family members (cousins) for long term real estate investments in rental properties.

We are trying to determine whether a LLC or S-Corp would be a better fit. Initially any cash flow would stay in the business.

We plan on meeting with an accounting and lawyer but I'd like to find out what other people on this board are using to protect themselves and shelter taxes/income.

Any input is greatly appreciated.

Thanks,

Kelly