Capital gains tax question

[Matthew Ficorilli]

I have a question about wholesaling. If I structure my deal with an assignee or do a double close on a deal, is there any way that I have to pay a capital gains tax? Or is it straight income tax? I have an LLC set up, so all of the names on my contracts will be in the LLC. Thanks in advance!

[John Fossetti]

@Steven Hamilton II Is it better to have the LLC with a minor C-Corp partner therefore you can get the fringe benefits such as health insurance, transportation etc.?

I utilize a minor c-corp partner (2%) mostly because I don't want my LLC being a sole proprietorship and potentially being personally liable.

What are your thoughts?