If you are running a REIT and are actually tasked with this for a shareholder publication, I'd suggest pulling gross rents and median sale prices from the census.

We have a shareholder agreement in place to make sure everyone is in the same page.

In that scenario you will want to have another set of accounts for the second LLC.In regards to the S-Corp it's a pass through entity as well with an extra feature that it pays dividends to shareholders.  

Several reasons:1. the bank does not want to reward the borrower by allowing him to get the property at a discount. ie the the bank bids 50k and the borrower bids 55k, then the borrower gets the property for less than the original balance owed.2. most loans have been sold so that they (the lender) have a contractual servicing agreement to bid the balance.3. many loans have pmi so that the lender gets paid in full. if they bid less, then pmi pays less.4. the many states have laws that require the lender to bid market, since market is hard to define in a foreclosure, they bid the balance to stay safe.5. left hand right hand. the legal team does not always get the asset management team on board until after the sale.6. many states have right to redeem the property, a lower bid means that they can redeem for less.7.you never know if someone will step up and pay.8. accounting rules for banks and potential losses are complicated but in general, a lower bid is usually not good for the bank where as a REO can be "fudged".9. accountability, banks are owned by shareholders, selling below market would be a breach of fiduciary duty to the shareholders.

I have had to add a shareholder into one company and set up a separate tax ID#, bank accounts, credit cards, insurance, and file state and federal tax returns.

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?

June 24, 2008 12:39 PM ETBANGALORE (Reuters) - Countrywide Financial Corp shareholders vote on Wednesday to approve the largest U.S. mortgage lender's purchase by Bank of America Corp, marking the demise of the company perhaps most closely associated with the nation's housing bubble and subsequent collapse.The vote will be held at Countrywide headquarters in Calabasas, California.

But, at least the execs and boards, and, yes, shareholders, don't escape with a bonanza while taxpayers are left holding the bag.

These are all helpful in running a business but also to protect you personally (and your partners/shareholders) in the event of a lawsuit. 

When Courts Will Pierce the Corporate VeilCourts might pierce the corporate veil and impose personal liability on officers, directors, shareholders, or members when all of the following are true.