Why Is A LLC Better For Holding??
okay so i hear that LLC's are better for holding and a s or c-corp is better for flipping. i thought that if you have a corp you get taxed twice. once as a individual and once as a business. what is the exact reason a llc is better for holding and corp is better for flipping? thanks, ryan
First, do a Google search for...
wpsr.pdf
...you'll only get one link and it's a free asset protection primer by real estate attorney William Bronchick.
Second, StockPro99 gave a nice summary in a post a few months ago...
http://www.thecreativeinvestor.com/modules.php?op=modload&name=Forum&file=viewtopic&mode=viewtopic&topic=27799&forum=23&start=15
They've said it far better than I ever could :-D
[ Edited by MarkMarkov on Date 07/22/2004 ]