Is This Business Entity Model Correct?
I was told that a rule of thumb for business entities is as follows for tax purposes. Keeper properties - LLC Retail and Wholesale Properities - Corp. Is this the general consensus? What type of Corp is recommended for the retial and wholesale, S corp, etc? What are the tax advantages of the two entities in this scenerio?
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This article should help:
http://www.thecreativeinvestor.com/residential/Article452-Should_I_use_an_LLC_or_S_Corp.html