Best entity for fix & flip on terms/loan origination business?

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Best entity for fix & flip on terms/loan origination business?

Patrick Sears
Midlothian, VA · Member since 2013 · 130 posts · 17 votes

Hello,

For those of you who are fix and flipping on terms and creating notes to sell/originating loans, which business entity have you chosen and why? I'm guessing it will be a choice between LLC & S-Corp (or maybe LLC taxed as S-Corp).

Thoughts?

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  • Chris SeveneyBusiness Member
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    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    7y

    There is not a one size fits all for this as it depends on your overall financial picture. For example if you work full time and make above the SOcial security limits a LLC or S Corp really makes no difference as you have maxed out your SS contributions.

    I would spend the $300 and speak to a CPA attorney and have them tell you what you should do

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