If he has a business as S Corp or C Corp there should be filings with the state. 

When they go under agreement they have to get site approval from corporate and have to get permits from the city and county and do not want to close on a property until then.

From what I understand from your post is that you are a landlord in which you have rented your unit to a company so that they can provide corporate housing to their employees (employee). 

For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee

American corporations are investing billions into the country, its real estate, tourism and manufacturing.

Are you suggesting that an executive in corporate America doesn't have the ability to manage a team, leverage those with experience, and deliver value for the shareholders?

I'm a corporate employee and it's time to transition so that I can retire from W2.  

We were both laid off over the last couple of months and would prefer not to go back to Corporate America. 

Co-ops, on the other hand, involve owning shares in a corporation that owns the building and can come with more restrictions and limitations on how you can use or rent out your unit.If your goal is to dip your toes into real estate investing as a primary residence before building a portfolio of out-of-state rental properties, it may be a better idea to consider a condo over a co-op.

Is it preferable to transfer ownership to the LLC or consider a corporate lease arrangement for the existing property?