Taxes and LLC or personal

[Tyler Bell]

Hello, 

I live in IL, I am a first time investor looking to start by Flipping a few homes to build capitol and to build a better relationship with my agent then from  there in corporate the brrrr strategy.

I would like to know the tax rates, Federally and State, What percentage should I be using to put money away for taxes? 

Which is the best way to start, Personally or with an LLC?

I will be contacting an attorney just would like some insight before going that route. 

Any other insight you can give on legality before i get involved in my first flip would be great! 

Thank you greatly 

-Tyler