The Gov't has zero business being involved in business profits.

Exclusions.Certain work, such as time spent as an investor reviewing financial statements or participating in management decisions without active involvement, may not count towards the 750-hour requirement.As always, talk to your CPA to make sure that you meet the criteria above.If you do, there are many helpful benefits to you.

@Emilie PaThe answer may be a bit more involved than you're aware, depending on if your language of the company "selling" to you is correct, or whether the company is dissolving and distributing its assets to the shareholder. 

Wanted to get involved in a community such as BP and start to talk and meet like minded people.

Would my wife have to be involved if I'm not on the mortgage.

This is assuming the entity is not a C corporation or has some UBIT blocker involved. 

Looks like you’re already really involved in your markets.

There were some costs involved for demolition, making an application and a survey coming in around $30,000.One of the best parts of this deal was the “return on time”.

Looking forward to connecting with professionals, providing any value I can, and getting involved with this community. 

Seems like a win-win for everyone involved.