When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain?

That said unfortunately there are very few attorneys who understand how investors should work, stay with in the law and also be ethical.

Decide if the S comes with some liability from the past before putting assets into it.Both the S and the LLC have pass through tax treatment.

How can we legally and ethically make up this difference?

You have to hold them for one year to get capital gains treatment on them.

He is very ethical and deals fairly with people and is careful to abide by the law (CA.).Paul Galasso seems to be a pretty up standing guy as well and he's in WA. state.Don't sell your soul to any Guru.

I really believe in being ethical where all parties involved come out in a win-win situation.

An LLC treated as an S-corp for tax purposes will enjoy the same tax treatment as the S-corp.

First of all, none of you are Tony Soprano, and secondly this business requires morals, ethics and integrity.

You steal lives and destroy them and there is no consequence.You can't expect people to control their own actions based on good ethics when they are people who have no ethics at all.