Where they see the unknown in not having a corporation control their life and path I see living an unlimited life doing what most only dream about.So get out there man and make it happen!!

You would pay Medicare on 100% of that as well.My suggestion is that you are a realtor you treat the LLC as an S-corp OR have an S-corp own your share of the partnership.My suggestion is that if you are a broker, you could have your brokerage entity own the LLC interest.There are several strategies that you can employ.

I then check the state department of corporations website and lookup the llc however it doesnt list the members names so it's not clear who actually owns the property.says i can order a copy of the articles, which would give me the members, but it comes in the mail so it will be slow and costs $10.is there any online resource where i can view this information immediately?

Basic accounting, basic economics, and basic corporate finance courses will be very valuable and won't cost you a ton of money to go and sit through.

You can go the self directed route; however, you can also use it to start a C-corporation and use it to invest.

OK...so..if they were equal would you leave them in the S corp or put them in a trust?

I have 2 quadplexes, i just deeded them to my corporation. no issues.

Jon Klaus,I'd rather make the dollar and pay the tax than lower my returns as a percentage; however, there are various strategies that can be used.Depreciation and cost segregation are great; however, you might want to consider the advantages of a non-profit to fund a pension for you, othe corporations, family partnerships, etc.

For $20, you can file a Form CD 110 in Georgia to change the name of the LLC:http://sos.georgia.gov/acrobat/corporations/Name%20Change%20Amendment%20For%20Liability%20Co.pdfYou can change the "registered agent" (the person/company listed as the primary contact) by updating the information when filing your annual registration -- it's $50.

Page Huyette and everyone else,I highly recommend considering going a different route than the SDIRA and utilizing the Solo 401k's ability to invest into your own C-corporation.