For those of you who are fix and flipping on terms and creating notes to sell/originating loans, which business entity have you chosen and why? I'm guessing it will be a choice between LLC & S-Corp (or maybe LLC taxed as S-Corp).
There is not a one size fits all for this as it depends on your overall financial picture. For example if you work full time and make above the SOcial security limits a LLC or S Corp really makes no difference as you have maxed out your SS contributions.
I would spend the $300 and speak to a CPA attorney and have them tell you what you should do