Posted by Glenn OH on February 09, 2000 at 19:30:33:
I think we have had a bit of mis-communication. I understand fully the expensing advantage of C & S-corps, and LLC’s and LP’s. That part is a given. My question is which of these 4 are best. I had a computer business as an S-corp, and got a little tired of keeping up corporate minutes, etc. A C-corp is worse, plus the double taxation of dividends. My new RE investing business is an LLC because of the easier paperwork requirements. I will probably use LP’s with the LLC as General Partner for some of my deals with other investors.
The key is limited liability and minimal taxation.