If this is the case, the corporation was never wound up (assets marshaled and distributed to the shareholders).

To what extent will the parties be free to carry on other businesses while the joint venture subsistsif one party pulls outIs it intended that spouses/partners should also be shareholders, to allow for tax advantages from a broader split of dividends?

I have a few options that I am thinking about Setup an incorporation in Ontario/Federal with them being a shareholders (foreign)Setup an incorporation in Ontario/Federal (called it ABC Inc) and another incorporation (call it XYZ Inc) in their country with them being a shareholder.

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Form LLC to hold rental prop using myself and a C corp (me being 100% shareholder of C corp) as members of the LLC.

I was just trying to share what I have learned as RE investor, a member of my LLC and shareholder of my S-corp.  

The the shareholder that received the dividend would receive a dividend of $1 million.

You make it sound like you can walk into small claims court and, because the defendant didn't respond to your summons, you will walk out with the personal bank accounts of all the members or shareholders of the company.

If the fund is the sole member of each LLC, then the fund's return from that LLC is leveraged, and so in all likelihood would be the return your IRA is receiving as a shareholder of the fund.The impact of UDFI on operating income from a rental property is typically not significant, though it would clearly have a small negative affect on your overall ROI and would introduce the complexity of filing a 990-T return based on the K-1 you receive from the fund.And yes, UDFI would apply in both scenarios you outline in your original post.

And you would like your neighbors to feel the same way.Thus, some buildings seek tenant shareholders with extraordinary resources.