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Old 03-29-2009, 02:45 PM
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There is no double taxation in an LLC! Also, there is no self-employment tax issues with respect to an LLC involved in Real Estate Activity or other passive activities. Perhaps your attorney is not aware of this fact!

In addition, there generally appears the same level of protection between an LLC and an S or C Corporation. So, again, I suggest that you should not be concerned or be worried!
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