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Updated over 9 years ago on . Most recent reply

Jennifer Montgomery's profile image
Jennifer Montgomery's profile image
Jennifer Montgomery
  • from Chicago, Illinois
  • Member since Jan 24, 2017

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3
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Jennifer Montgomery's profile image
Jennifer Montgomery's profile image
Jennifer Montgomery
  • from Chicago, Illinois
  • Member since Jan 24, 2017
Jennifer Montgomery
  • Chicago, IL
2
Votes |
3
Posts
Starting Out

LLC or S Corp which is best

Jennifer Montgomery
  • Chicago, IL
Posted

My partner and I are planning to start an investment business buying and flipping. What type of business model is best, LLC or S Corp? How do lenders evaluate the credit worthiness of a LLC?

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Taylor Brugna's profile image
Taylor Brugna's profile image
Taylor Brugna
  • CPA
  • from New York, NY
  • Member since Dec 26, 2016

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Taylor Brugna's profile image
Taylor Brugna's profile image
Taylor Brugna
  • CPA
  • from New York, NY
  • Member since Dec 26, 2016
Taylor Brugna
  • CPA
  • New York, NY
132
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203
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Taylor Brugna
  • CPA
  • New York, NY
Replied

Jennifer Montgomery S-Corp is generally best for flipping because only the reasonable salary that you pay yourself will be subject to Self employment taxes.Good luck!

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