C Corp. or LLC? - Posted by Maggie
Posted by Maggie on April 06, 2000 at 09:58:53:
I know I have read this exact question before, but now that I am in the middle of it, I have doubts. I am about to establish a C corp. for my flips, L/O, and owner financing deals. Actually, I am just starting in investing and am now waiting for responses to my ads, but I’m attempting to be thorough in the set-up process. As I understand it, it would be most beneficial to me to establish a C corp. for now, and then establish an LLC later down the line when I start to have a lot of passive income through L/O’s.
Will the C corp. be sufficient for this first year or so?
Should I just go ahead and establish both a C and LLC?