From PD Department of Revenue website:"Some real estate transfers are exempt from realty transfer tax, including certain transfers among family members, to governmental units, between religious organizations, to shareholders or partners and to or from nonprofit industrial development agencies.

Any cash that you want to take out is taken as a Dividend, which is then taxed again at the individual level after it has already been taxed at the corporate level.Finally, any sales gains are taxed at regular corporate income rate, not at the much more favorable capital gains rates for individuals.In a subchapter S Corporation, you can preserve the nature of the transactions similarly to in an LLC and keep deductible passive losses and capital gains, however with an S-Corporation, you have an added layer of needing to pay a shareholder a reasonable salary, so you're adding in payroll tax expenses and a layer of complexity.Additionally, I'm not so sure about your statement of a buyer guaranteeing a loan for the corporation but not having it show up on their credit.  

Stronger value means owners and share holders have more money.

Plus 5% to state: 35,000Corporate tax total: 313,841.The the shareholder that received the dividend would receive a dividend of $1 million.

You can be a shareholder yourself which means you have the ability to give a personal guarantee for the corporation.

This expensive against it it will then also recorded distribution for the full fair market value to the shareholder.

Equity Residential’s CEO, David Neithercut, indicated that there were no plans to replace the assets, but a $9-$11/share special dividend would be distributed to shareholders.

Originally posted by @Wayne Brooks:Plus or minus 30%.I think the world of Wayne Brooks's advice, and hate to disagree with him, but he is being far too kind - maybe he's a Zillow shareholder?

In an S Corporation, income flows through the corporation to the shareholder's personal tax returns.

On a side note i feel sorry for frequent flyers and majority shareholders in airline stocks.