Carl
Level 15

Investors & landlords

A multi-member LLC would probably be better on the legal front, than would a Partnership. either way, the LLC or Partnership stills files a 1065 return.

As for the S-Corp, nothing wrong with that. But the requirements that have to be met are a bit more stringent that for a multi-member LLC.

Getting professional help on this now, instead of waiting would be your best move at this point.