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    #1

    Real Property

    I have a customer that operates a business as an S Corp. He is thinking about purchasing a building for rental property. He will rent it to his business as well as other rental space.

    Should this building be purchsed by the S Corp, him personally, or through an LLC?

    Any advise would be appreciated.
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    #2
    Two rules

    Originally posted by tonia2021 View Post
    I have a customer that operates a business as an S Corp. He is thinking about purchasing a building for rental property. He will rent it to his business as well as other rental space.

    Should this building be purchsed by the S Corp, him personally, or through an LLC?

    Any advise would be appreciated.
    rule# 1; never ever put real estate in a corporation.

    rule# 2; when ever in doubt, refer to rule #1.
    ChEAr$,
    Harlan Lunsford, EA n LA

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      #3
      He should purchase it personally, or form an LLC for ownership, and rent it to the SCorp with a proper lease.

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