Tax Advantage C Or LLC
To protect your interest and pockets which of the two is best for RE Investing? If you're buying, selling and holding. From what I understand put your properties in LT with LLC as benificiary for rentals and C for your flips, And put both inside the FLP. If I'm right or wrong please let me know.... I would like a more experienced opinion on structuring your "Empire".
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Whats an FLP? I put together a seperate LT and LLC or Corp (S or C) for each deal. But I'm more worried about liablity than the IRS.
An FLP is a Family Limited Partnership.
Jay Mitton is the creator of the FLP.