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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121169  
Subject: Re: Form 1065 or 1120? Date: 2/14/2011 4:01 PM
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My brother and I are considering purchasing an investment property. The plan is to create a sole-purpose LLC. Is typically more advantageous to file as a partnership (using Form 1065) or a corporation (using Form 1120)?

Run, don't walk, to get some paid professional counsel before you do anything. Generally, it is not advisable to hold real estate in a corporation and LLC rules are state-specific.

Ira
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