Which entity works best for REI..Corp., S-Corp., LLC?

[Shelby Hensley]

I'm in the process of filing for my business entity. I have a partner and we run a Wholesaling business here in Houston, TX. He is a real estate agent, also.

We are debating between Corporation, S-Corporation, and LLC...I've noticed LLC is the most popular, but I remember from some ancient business contract class that S-Corps have the most benefits and protection. Can't really recall though why or if it's true..My memory isn't the greatest, lol. I was also in a different industry then.

Hoping to create discussion on the topic and find out pros/cons of each entity so I can make the best decision. 

What entity did you file under, and why?

Thanks BP friends!

[Michael Plaks]

@Shelby Hensley

Here in Houston or anywhere else - start with an LLC. It can later be converted to an S-corp when you business grows and it makes tax sense. C-corp is the next level up.

If you already have a sizeable business, then it's time to discuss your specifics with a tax professional.