That said, I must now make the lawyer's disclaimer, that my posts to BP are intended to be for general informational purposes only, their origin is my own foggy and imperfect memory, offered without the benefit of any legal research, they do not constitute legal advice, and they do not give rise to an attorney-client relationship.

Turns out I need to have some self-employment income, although there does not appear to be strict criteria on what that constitutes.

Next time I'm at the file cabinets I'll see if I can pull a draw contract, but in my neck of the woods they're usually one page and calls for some meeting of the mind on what constitutes percentages, ie none that I have used are so specific that there's no room for interpretation.

The leases we use have the following wording in regards to early or late termination of the lease:"If Tenant remains in possession of the Premises after the expiration or sooner termination of the Term without Landlord’s written consent, such holding over shall constitute a default hereof and, without limiting any other right or remedy of Landlord at law or in equity, create and be deemed to be a tenancy at sufferance, terminable without Notice of any kind except as may be required in accordance with law, but subject to all other terms of this Lease insofar as the same may apply to such a tenancy, except that Tenant shall pay, in addition to all other charges payable by Tenant hereunder, for each day that Tenant holds over, Rent at an amount equal to two (2) times in Missouri and one and one-half (1-1/2) in Kansas the rate (on a per diem basis) of Rent herein provided to be paid during the last month of the Term.

There is an issue that remains unresolved as to whether the IRA owner acting as the manager of an LLC which is owned by the IRA constitutes a prohibited transaction under IRC Section 4975.

If you sell it upfront in a fully taxable transaction the gain recognized should constitute taxable income to you in the year of sale.

If you feel you have extenuating circumstances, please contact us.13.Insurance: We encourage all renters to purchase traveler insurance. 14.Payment of your down payment constitutes acceptance of the terms of this rental agreement and Exhibit A.If you are interested I can supply a copy of our rental letter but it is four pages long!!!

There is always an argument to be made for what should or shouldn't constitute self employment income in an S-Corp.

Partial payments received after legal proceedings are commenced do not constitute a waiver of the right to obtain possession and terminate the lease agreement.

If you take classes and build systems to help you to buy and sell stocks or anything else would that constitute “personal involvement “.