I need an LLC for property but what about a S-corp too?

[Vespa Trixie]

Hey Yall,

I live in FL. I am looking at properties in NC, SC, GA, and FL. I understand the need for an LLC to separate my personal wealth from my investment properties. How about an S corp for the LLC to flow money and bills to? LLC will be in whatever state the property is in , the s corp will be in state of florida. Perhaps I am overthinking, I do have some assets already I dont want to pay more taxes than I have already been paying 22% or more.

BTW, my name is Charlotte . 

[Michael Plaks]

Quote from @Vespa Trixie:

Hey Yall,

I live in FL. I am looking at properties in NC, SC, GA, and FL. I understand the need for an LLC to separate my personal wealth from my investment properties. How about an S corp for the LLC to flow money and bills to? LLC will be in whatever state the property is in , the s corp will be in state of florida. Perhaps I am overthinking, I do have some assets already I dont want to pay more taxes than I have already been paying 22% or more.

BTW, my name is Charlotte . 

BTW, Charlotte, "y'all" is for Texans. Floridians are barred from using it. ;)

If you are looking at buying rental properties, LLCs will not change your taxes, and S-corps will increase your taxes. You don't need either, not for tax purposes anyway.