why wouldn't the other 2 share holders just buy out the guy??

Wyoming is very keen on privacy not requiring you to list shareholders (Corp), or members / managers of an LLC.

This is more of an announcement for shareholders.  

An entity is formed with an ownership structure which includes both the end buyer and the “wholesaler” as principals, members, shareholders, etc.  

What is the foreign shareholder equity share in the LLC? 

In co-ops where subletting is allowed on a restricted basis, unit ownes/share holders can rent out their unit after living on the property for X years.

One shareholder of Sponsor and who also takes about 30% membership interest in LLC will be the personal guarantor.

You will also need someone who is FINRA series 24 licensed as a principal to oversee said salesperson.Second - You will need to have a minimum of 100 shareholders, additionally no more than 50% of shares can be held by 5 or fewer people.

Especially if they have to continually show profits to shareholders or boards of directors every month, quarter, year.

To me it seemed like a lot of hassle - corporate and individual level tax (no capital gains rates on corporate tax either), plus gain on taking any real estate out of the corp if you ever want to distribute to shareholders in kind.