Taxes for flipping in LLC vs. personal name?

[Hen Ley]

Is there a difference in the tax consequences for flipping in a single member LLC vs your personal name? Any suggestions as why to do one over the other?

[Natalie Kolodij]

For starters- talk to your tax pro. 

There is no surface value difference. SMLLC has no impact on taxes. 

Should you decide later with your tax pro that an S corp makes sense- that is an election made TO an LLC- so it would apply to income earned in that LLC- but side by side there is no difference.