LLC taxed as S Corp - Posted by Bart

import · July 14, 2003, 8:44pm

Posted by randyOH on July 18, 2003 at 19:26:29:

John,
Would this be true if the LLC is a single member LLC or would it have to be multi-member? Do you get the extra protection because of the charging order requirement for a LLC?
Thanks,
Randy

import · July 14, 2003, 8:44pm

Posted by Bart on July 14, 2003 at 20:44:59:

What advantage does an LLC that’s taxed as an S Corp have over an S Corp.? Why might I want to do this as opposed to forming an S Corp for rehabs and flips?

import · July 15, 2003, 8:44pm

Re: LLC taxed as S Corp - Posted by Diane (TX)

Posted by Diane (TX) on July 15, 2003 at 20:44:53:

I believe this is for additional liability protection, but you might want to check with a lawyer.

import · July 17, 2003, 6:27am

Correct… - Posted by JHyre in Ohio

Posted by JHyre in Ohio on July 17, 2003 at 06:27:23:

the LLC would be treated as an S-corp for tax purposes, but be much harder for creditors to seize than would be the case with a corporation.

John Hyre

import · July 20, 2003, 1:10pm

Re: Correct… - Posted by David

Posted by David on July 20, 2003 at 13:10:09:

Are you saying a single member LLC has better liability protection than a single member S-Corp?

David