Legal Question in Real Estate Law in Florida

Best entity to use in real estate investing,LLC or S-Corp?

What would be the best entity for real estate investing?

- If I were to buy a foreclosure, fix it and lease option it?

- If I were to get a property using lease option, leasing it for 2 years and then selling?

- Buying a property,fix it up,quick turnaround sale?

Thank You

JC


Asked on 6/23/04, 1:31 pm

2 Answers from Attorneys
David Slater David P. Slater, Esq.

Re: Best entity to use in real estate investing,LLC or S-Corp?

llc is fine.

Read more
Answered on 6/23/04, 1:35 pm
Tonia Troutwine, Esquire - Troutwine Law Group. LLC

Re: Best entity to use in real estate investing,LLC or S-Corp?

An LLC will provide more liability protection. You may want to investigate the different tax advantages of using an S-Corp vs. an LLC. Then weigh your liability concerns against any potential tax advantages that an S-Corp may offer.

Read more
Answered on 6/24/04, 8:04 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida