LLC or S Corp - Posted by Christina

Real Estate Investing Real Estate Law
1

Posted by Frank Chin on August 15, 2003 at 15:21:20:

Hi Christina:

Did you file a form “8832” (Entty Classification Election)? If you haven’t filed the form, you can elect to have the LLC taxed as an “S Corp” by filing this form.

There was a discussion below when John Hyre mentioned that an LLC is better for asset protection reasons.

Frank Chin

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LLC or S Corp - Posted by Christina

Posted by Christina on August 15, 2003 at 14:20:29:

I am a newbie in the real estate investing business. I created an LLC to flip homes but recently found out that I should have an S Corp. What is the difference and how do I change the LLC to an S Corp? Can I keep the LLC and just file with IRS as an S Corp?

Thank you in advance.