Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

I will actually be up in NYC in April so we could also connect in person before you come down.

I would highly recommend going over there in person if you can.

I started my jouney here in 2011 and I am still learning everyday - especially from others on this forum.My personal portfolio is located within Stamford and Bridgeport.

I recently read a book that mentioned there being a lot of power and benefits of a personal corporation but I'm curious as to when a corporation is actually beneficial over the latter. 

The answer is its personal preference.

Meanwhile a lot of the people who were born here lack that kind of motivation.One of my personal goals was to push myself and reach those same levels of motivation, the streets are indeed paved with gold in this country, unfortunately a lot of people can't see that.

Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

I did a one-year personal coaching with RichDad in 2008.

Interesting, I bet she is a unique person.