S-Corp Election Form 2553 for new LLC
I recently formed a new LLC that will be involved in buy/sell, and buy/hold transactions. I read around online that stated I should go ahead and file form 2553 to be taxed as an S-Corp. I called a CPA for advice on it and was advised not to, and to just go ahead and when tax time comes, file as sole proprietor. I did not expect to hear that and I'm wondering if I shouldn't get a second opinion from another CPA, because I'm not even 100% sure that they specialize in real estate or not. Something about the advice given does not sit well with me. Any experience/suggestions that I may be able to take from any of you folks on here about it?