You will have higher premiums if the property is not operating within a formalized 503c nonprofit entity. 

The most tax advantageous business types are partnerships and S-corps, for you don't pay income tax at the entity level.

This structure can provide liability protection and potential tax benefits.Consult with a Lawyer: A real estate attorney can help you form the entity and ensure it's set up correctly for property ownership and management.2.

To qualify as a Resident Agent the representative must reside within a 25-mile radius of the Town of Baileys Harbor or be a corporate entity with offices located within a 25-mile radius of the Town of Baileys Harbor.7.

Each entity is different.  

- Are there any benefits to creating a local LLC (in the foreign country) vs. keeping ownership under a U.S. entity?

So if you have a business entity other than a sole proprietorship you will file that business return and receive either a K-1 distribution or pay corporate taxes on the profit. 

This is assuming the entity is not a C corporation or has some UBIT blocker involved. 

THIS CONTRACTOR MAY BE OPERATING WITH OTHER CURRENT LICENSESBusiness Entity NameAZ Contracting Group LLCCity and StateTempe, AZ, 85282Phone(480) 239-1066Status / ActionRevokedStatus Last Changed On:2021-07-27Name : Pace Jordan MorbyPosition : MemberOther Positions : MEMBER7  Disciplined CasesADDITIONAL COMPLAINT INFORMATIONTYPECOMPLAINT IDOUTCOMECLOSED DATE (IF CLOSED)Disciplined2019-04542Legal – Revoked2019-12-09Disciplined2019-00552Legal - Revocation2019-07-08Disciplined2019-01410Legal – Revoked2019-07-26Disciplined2019-01649Legal - Revocation2019-09-03Disciplined2018-05708Legal - Revocation2019-04-25Disciplined2018-21Legal - Revocation2019-04-25Disciplined2018-4172Legal - Revocation2019-04-26

Advertising or marketing real estate owned by another individual or entity with the expectation of compensation falls under the definition of "broker" and requires licensure.