An LLC is a pass through entity for taxes, unless you elect to be taxed as a S or C corporation.

The other 7 are under my corporation with portfolio loans from local banks.I even had one bank do a 3 property blanket loan for me which was fantastic.

Hi,I've got a number of quality leads from my corporate job.

Take the resources that would chase down/harass the individual and use it take down the real tax cheats: business, from small mom & pops to giant corporations.

If something happens to me my wife won't have access to the corp or its assets or bank account.

OK - here we go...Was an assisted living facility (my great aunt died there last year :(The corporation had it listed for $249k - trying to sell it as an assisted living facility shell.Reduced the listing price to $149k.I offer $139k this morning.

I have read that there are different type of LLCs for tax purposes (C corporation, S corporation, etc).

It is not WRONG for them to be issued by landlords, it just isn't REQUIRED.Additionally, if your property management company is incorporated, or is an LLC that has opted to be treated as a corporation, you definitely would not need to issue a Form 1099.

With the restaurants you usually go to their main website.On the main website in small print you will usually see a link to their corporate office.On that website you look for franchising etc.

The real goal should be reaching the point where you receive all of your taxes back like General Motors and some of the other large corporations.