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Sarah and Brian, a married couple, own several rental homes and wish to organize a...

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Accounting

Sarah and Brian, a married couple, own several rental homes and wish to organize a business entity in which all the rental properties will be transferred. In other words, if Sarah and Brian transfer these rental homes into the business entity, Sarah and Brian can protect themselves against liability issues involving the rental properties. Sarah and Brian wish to minimize their tax liabilities. The business entity will be used exclusively for these rental properties. Which of the following would be the best entity for Sarah and Brian to use?
Multiple Choice
C Corporation
S Corporation
Limited Liability Company
General Partnership

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