S-Corp Vs LLC for Management Company
Good morning all! I would like to preface this with - I have been looking up the answer for this throughout Biggerpockets and other forums for a few hours and have not found what I'm looking for. If anyone does know of a thread started for this, please just link that and I can run through it!
I just purchased my first property last week (4-plex) in my own name using FHA. I'm looking to set up the property management company to run this property as well as future purchases (which will most likely be purchased through LLC's). My family already has an S-corp set up with the ownership being my brother, parents and me. However I was wondering if it makes more sense to create my own property management LLC, or use that S-corp and restructure it.
I am sitting down with an accountant in the next day or two, but I'd like to go in with ideas.
Thank you!