I presume this would be something I could find out from the Maryland Department of Assessments and Taxations search site? 

Another is for tax purposes if they are doing a lot of business a good CPA might roll the LLC into an S-Corp to help with the self-employment tax at year-end. 

An LLC offers taxation options.

Also, do you have any info on how taxation would work?

There are about 20 CPAs and accountants on this site that specialize in real estate taxation. 

And from a taxation point of view you're going to be more concerned with NY tax law.

So you could conceivable be paying tax at whatever is higher - IL or AZ.

Is the tax at the time of the sale, recapture or capital gains?

HiI am having a hard time understanding how one should pay himself within a family partnership (LLLP).i have limited understanding in taxation*My accountant advised we have a salary paid by the entity, essentially making us employees.i read that there are some caveats to that, is there an alternative/conventional way to set-up recurring compensation?

I am having a hard time understanding how one should pay himself within a family partnership (LLLP).i have limited understanding in taxation*My accountant advised we have a salary paid by the entity, essentially making us employees.i read that there are some caveats to that, is there an alternative/conventional way to set-up recurring compensation?