Real Estate Should Not Be Acquired By A Corporation
If you purchase real estate, the ownership should remain with the individual(s), partnership or Limited Liability Company rather than a corporation. The tax consequences of selling real estate out of a Corporation can be significant. Further, if you currently own real estate in a corporation, now may be the time to transfer ownership out of the corporation to another more favorable entity while appraised values are lower than in previous years and your company's corporate tax rates may be lower, as well, due to the current economy.
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