Hi all, planning on setting up an LLC but was told by a CPA in boston to do an S Corp instead because it has just about the same protections and that an LLC has a $500 annual filing fee. so each year I'd have to pay $...

After meeting with my CPA today, and going through a number of back posts from the BP forums, I'm interested in hearing more about how the IRS oversees the balance between S-Corporation compensation versus flow-throug...

I am new to wholesaling, and i do not know if i should set up an s-corp or LLC, or if i do not need one for now.

Hi All,I'm just starting out here and am looking for my first property to buy-fix-flip.  I do have a day job however so this is really on the side.  My question regards taxes.  From what I can gather, If I flip a hous...

Which one is better to buy your properties under?

I have two businesses. One is an LLC real estate company and the other is a S corporation. If I I own my own office, can my LLC charge my S corporation rent so that it would be tax-deductible for my S corporation but ...

Recently my CPA mentioned that on top of paying the annual $800 per year, we are now fall into the category of Gross receipts which would be an additional $900. He mentioned perhaps our Real Estate business which is ...

Hello,
I have a question and was hoping someone who is knowledgeable about running businesses (especially S Corporations) might be able to give some advice. My wife and I are both retired and own an S Corp from when ...

Hello,
I have a question and was hoping someone who is knowledgeable about
running businesses (especially S Corporations) might be able to give
some advice. My wife and I are both retired and own an S Corp from w...

Greeting, BP Community!

I'm setting up my RE business entities in DC and heard that the best way to do it is with an LLC in combination with a corporation (C or S) as manager.
Does anyone have experience with this in...