Land Flipping: LLC or S-Corp?

If you're thinking about flipping land, you may wonder which type of business entity to set up: an LLC or a S-Corp? In this video, we'll compare and contrast the two and help you decide which is best for flipping land.
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Join us as we navigate the intricacies of LLCs and S-Corps in the context of land flipping, providing you with the knowledge to make informed decisions for your real estate business.
An LLC is a great option if you're looking to flip land quickly and with minimal paperwork. With an LLC, you can write off your expenses on your taxes as business expenses, which saves you money in the long run. On the other hand, an S-Corp is a good choice if you want more liability protections and the ability to appoint other members to your board of directors.
After watching this video, you'll better understand which type of business entity is best.
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Show Notes:
0:00 Intro
1:39 Breakdown
4:24 S Corp and C Corp Example
7:28 Wyoming LLC
11:18 Flipping Land Long-Term
13:54 Structure Example
16:54 Outro
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#landflipping #rawland #landflip

[@josephstephens9782]

Brent did a fantastic job on the webinar. You must be proud.

[@ClintCoons]

Yes he is a great guy

[@steveh1460]

Amazing stuff! Thank you Clint

[@expertosinmobilarios]

Ok

[@wrongloop]

What about he land trust ? Saw your other video on acquiring tax deed/lien and you talked that for flexibility the land trust was recommended.

[@ClintCoons]

Absolutely that will work as well.

[@kidbowjb]

What about double taxation with c corp?

[@ClintCoons]

Yes C-corps are doubled taxed but that does not necessarily make that a bad thing depending on your tax situation.