A rule of thumb has developed among many accountants that if the business will be actively managed by the shareholder[s], and it will be a small business, a sub-S corporation is the choice.
For real estate or other “passive” investment type companies, the LLC is the choice. This decision is vitally important to the financial health of the company and its owners, therefore you are strongly advised to obtain advice from your accountant before proceeding.
Answer provided by Chuck Roach - Roach Law
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