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Originally Posted by BCD
I promise that this is the best advice you will ever receive from a business lawyer who uses a picture of his boner for his avatar.
It doesn't make sense to incur the expense and headaches associated with S corp (adequately discussed above) right out of the gate, since it is not uncommon for a business to shut down within the first year or two or you end up not making enough 'jack' to benefit from the tax play that is available.
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My problem is... If I start out as an LLC that's probably what I'll remain. I'll have to go through all the crap with the Board of Realtors and the Real Estate Commission if I change my business type. Plus I was planning on using the S Corp to start several businesses over time, using assumed names. I can deal with the headaches, and I don't see the added expense; I will only hire a CPA if I've made enough money to worry about it, in which case I'll probably be benefitting from it.