Constant use of my llc is this good or bad

[Carl West]

I just want too know should I use one llc to flip property’s or should I continually make new ones with every flip? If you can please elaborate your opinion on both perspectives thanks in advance I appreciate it!

[Linda Weygant]

An S-Corp is not a one-size-fits all, this is the gospel kind of a solution.  Taxes are not cookie cutter and whether or not to elect an S-Corporation is based on a ton of different factors including your other sources of income, your retirement goals, your overall income levels and tolerance for the formalities of managing a corporation.

If you've got a W2 at anything close to a decent wage, an S-Corp can cost you in taxes rather than save, so be very careful about handing this out (or accepting this) as blanket advice.

Whether or not to use a different LLC every time is more of a legal question. Builder's liability can factor into it, although if you're any kind of reputable person, you'll honor builder issues anyway rather than hiding behind a fresh LLC every time. Because, let's face it, the only reason to create a new LLC every time is because you don't want the liability associated with an error you may have made.