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Updated over 2 years ago on . Most recent reply

Best Business Entity for married couple?
Getting ready to start up a STR using a property inherited by my wife. We have an LLC which we operate as an S-Corp for our real estate business, but want to keep this venture separate from our brokerage business. So looking to set up a new LLC, but wondering which is the best election. We are in NC. If we both want to be owners, does that require we do a partnership? I was thinking qualified joint venture, but then read that doesn't apply to an LLC. I want the legal protection of the LLC, but trying to keep it as simple as possible so that I can do the taxes without having to have a CPA.
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Luke Carl
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