LLC vs LLC treated as S-Corp
Hi Everyone!
My name is Tanya and I'm a newbie in RE Market. I'm planning on setting up an LLC for my wholesaling/flipping/creative financing business. I've read some Guru's books talking about LLC treated as S-Corp. And I'm not quite get the differences between LLC and LLC treated as S-Corp.
Here are my questions:
1. What is(are) the difference(s) between these two?
2. Pros and Cons of both?
3. What are the cost of both?
4. Due to my investing purpose (wholesaling/flipping/creative financing), which one I should go with? LLC or LLC treated as S-Corp?
Your answer will be greatly appreciated!
Happy Investing!
- Tanya :)