My partner and I want to create a multi - member LL , LL / C or LL / S Corp tax election for a small single rental property . Which of these ( or normal C Corp or S Corp or Sole Proprietorship ) provides best tax benefits at the end of the day . I want to minimize taxes and the pass - through LL and LL / S seem to have SE tax in addition to personal income tax on allocated income . LL / C on the other hand has double taxation . Is there a taxable income amount threshold where the one structure is better than the other ?