The earnings would be retained in the corporation and ownership shares would be passed on by the owner to his or her children in incremental annual amounts that fall within the allowable limits prescribed for tax exempt gifts by tax laws.
Continue reading...Friday, May 25, 2012
Nevertheless, the corporate approach to group ownership may make sense in some cases, and you will need a good tax attorney to advise you on specifics. High tax bracket investors may find the approach advantageous if corporate tax rates are lower than the personal income tax rates of the owners.
Continue reading...Monday, May 21, 2012
A general corporation, also known as a C Corporation, formed to own real estate has several appealing features. These include perpetuity, liability limited to the ownership share of stock, and good liquidity of ownership through the transferability of stock.
Continue reading...Thursday, May 17, 2012
Partnerships can be formed by two or more individuals who act as co-owners for profit. Unlike limited partnerships, each of the partners has a voice in the overall management and decision-making process. Ownership of the property is in the name of the partners individually, and each participates in execution of the conveyance instrument unless the [...]
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Tuesday, May 29, 2012
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