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Updated almost 5 years ago on . Most recent reply

Best way to form RE partnership to flip homes
Hi, My friend/business partner are going into business together and wondering what the best vehicle to use to form the business. Our plan is to find our first property, flip it, and use the proceeds to flip our next property. I know there are advantages to an LLC but not sure what the primary advantages are. I've also read about an S-corp but unsure if this would be beneficial to us as a partnership. Any suggestions would be helpful. TIA.