Posted by Sebastian on April 10, 2006 at 21:16:54:
Something else that never seems to be pointed out is that even if you are doing flips, the S-corp may be a waste. It is more of a pain to have a S-corp and costs more at the accountants office. If you are netting less that 100k it may pay off to just use a llc even for flips, even though you have to pay the self emp tax(which don’t forget is tax deductible, so not truly 12 or 15%). Look at what type of investing and how much volume you actually plan to do and go to a good accountant to figure it out.