SUB S Corp or LLC?

[SRES-Austin]

If I "flip" properties in Texas, often w/o taking title (similar to assigning/optioning), what would be the preferred organizational structure I could use for my business?

I have been considering a sub-s corp.

Thanks.

[swtlaw]

In Texas, an LLC will give you greater flexibility than an S Corp, and if the LLC is set up properly, you will have liability protection and the tax advantages of a partnership.

If you intend to acquire a large number of properties, you may need to form a limited partnership in order to avoid or minimize franchise taxes.

Steve Tiemann