Pet peeve #321 - Texting when meeting with me!
You know who you are. I'm sorry, but I want your whole attention.
Just the other day I was meeting with a Realtor where I had a previously scheduled a...
A Note to All Who Nagged Me To Put Up a Website
We finally put up a real estate website. Only took about 20 years, but whose counting? Next big project? Probably need to make some business cards!...
Words to Live By #231
Never put off to tomorrow that you can do just as well ......
the day after tomorrow!
May 30, 2016
Although we have had some projects set up as an S-Corp, the LLC structure seems to be more appropriate in most situations for owning real estate. These are some of the limitations with an S-Corp:
the entity can have no more than 100 shareholders
none of the entity's shareholders can be nonresident aliens—that is, noncitizens who don’t live in the United States
the entity has only one class of stock—for example, there can’t be preferred stock giving some shareholders special rights, and
none of the entity's shareholders are other corporations or partnerships.
Finance and Legal
These are my own thoughts and opinions. Don't confuse them with actual fact!