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Wholesaling
HomeForumsWholesalingLLC's S-Corp vs Corporation selection for tax purposes
Anthony Arias's profile image
Anthony Arias's profile image
Anthony Arias
  • Involved In Real Estate
  • from Woodside, New York
  • Member since Feb 9, 2015
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Anthony Arias's profile image
Anthony Arias's profile image
Anthony Arias
  • Involved In Real Estate
  • from Woodside, New York
  • Member since Feb 9, 2015
Connect
Anthony Arias
  • Involved In Real Estate
  • Woodside, NY
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Wholesaling

LLC's S-Corp vs Corporation selection for tax purposes

Anthony Arias
  • Involved In Real Estate
  • Woodside, NY
Posted Mar 18 2015, 19:40

Im a newbie investor. Stupid enough to create an LLC on 12-01-14. Now I have to file taxes for that LLC. I have no partners and plan to wholesale properties. Should I classify my LLC as an S-Corp or Corporation? Or can I just leave it as is - "disregarded entity" ?

Note:  I have no profits within the 31 day! period.  Any advice from people actively wholesaling is much appreciated.  Thank you.

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