i replied to a post higher up the list. i suggest you both read it.
i can see why you might use an S corp since it’s a pass through entity, but unless your personal income tax bracket is 15%, then do a C corp for flips. always use an LLC to hold properties or a limited partnership, LP, with you as a person being the limited partner and the C corp as the general partner.
you both could maybe use some additional reading up on corp structure. a weekend course is also probably the best $500 you’ve spent.
Hello,
As the subject implys trying to figure out which is best way to go, her in las vegas.
Criterion:
I want my FIRST corp. to be general, (as I understand that haveing different corps. can decrease the injury in a settlement, not all apples in one corp.) right!? So anyway plan on doing flips at first then eventually holding property. But wanna get some safegaurds in place from the start.