Posted by: anibal
06/19/2004, 22:10:06
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I have looked at previous entries but cannot determine the best entity to use to protect assets and myself. I am buying 2 rental properties in Chicago, IL but reside in NJ. I have had for 6 years a Delaware LLC of which I am the single member, and a Delaware S-Type Corporation, of which I am an employee/owner. Can I use either of these entities? I got the impression from some posts that there were some issues (Colorado?) with single member LLCs, and also never saw S-Type Corporations mentioned, only C-Type corps. What is best for one individual?
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