The real answer is going to be the loan product you get on the building. You need to talk to your loan broker first and foremost and see what you can do. If you don’t have a good broker I can probably get you a referral to one.
Then if everything is good with the loan. Typically you want the property in it’s own LLC. And s corp is not a legal entity, it’s a tax election. And LLC can be taxed in multiple ways from passthrough to c corp taxes. This all depends on your personal situation as to what will be better for you individually. A good CPA will have those answers. Your job is to find the good one from the rest. Sounds like what you found out, you might not have the best CPA for your need.
The real answer is going to be the loan product you get on the building. You need to talk to your loan broker first and foremost and see what you can do. If you don’t have a good broker I can probably get you a referral to one.
Then if everything is good with the loan. Typically you want the property in it’s own LLC. And s corp is not a legal entity, it’s a tax election. And LLC can be taxed in multiple ways from passthrough to c corp taxes. This all depends on your personal situation as to what will be better for you individually. A good CPA will have those answers. Your job is to find the good one from the rest. Sounds like what you found out, you might not have the best CPA for your need.