That being said Bill, we should also add that in many states the legal and management functions required of LLC (shareholder meetings, board approval, corpoate resolutions, etc.) are much less servere than of corporations.

This is because of the masking a company does for its share holders.

I'm all for S-corp except for the requirement that the LLC pay the owner/shareholder "a reasonable salary." 

For the most part the nature of the income or loss flows through as same to the partners or shareholders.  

Then, when the cash or other assets are distributed to the shareholders as dividends, it is taxed again at the shareholder level.In an S-Corp, it is possible to maintain the nature of the income and pass it through to the shareholders such that capital gains flow through as capital gains, etc.  

Btw, that's an excellent question...and one you should probably ask your shareholders...Personally, I invest in private equity in both real estate and the technology spaces, and I'd want nothing to do with a company that felt it had no social responsibility whatsoever. 

If you plan to continue doing more deals with your investors a formal business entity with the investors lending to the business and being shareholders or limited members may be a more convenient alternative to consider on future deals. 

The numbers on this one look like this:Cash purchase - 75kRehab - 20kMortgage for new value -120kSo I will take a shareholder distribution out of my company for the 20% down on the mortgage which would be 24k.

Each Party shall take reasonable steps to ensure that their Employees, Agents Representatives, Officers, Independent Contractors, Shareholders, Principals and other third Parties abide by the provisions of this Agreement.6.

Are you the only shareholder?