Advantages of an LLC vs. S-Corp?

[Brian Garrett]

I always see discussions where investors ask about creating an LLC for their business.

How come people never discuss S-Corps? Are they not common in the World of REI?

I currently own several S-Corps in other industries so I'm familiar with the structure of them, the requirements for them in my state, the tax benefits of them, etc.

Is there a downside to starting a new S-Corp to run all of my real estate investment endeavors through? Why are LLC's always suggested and that much more common?

Thank you in advance!

[Brandon Sturgill]

@Brian Garrett LLC is superior for RE because you separate yourself from the property: i.e. no personal liability...but an S-Corp allows access to your personal assets...bad idea...if you like the structure of an S-Corp, you can have your LLC taxed as an S-Corp...they are pretty diverse...typically more affordable as well.