There is no manager above you, no share holders, and no risk of being fired.

I have a piece of real estate owned by an s-corp (of which I am the sole shareholder).It has appreciated substantially in the decades that I've owned it.I would like to transfer it to an LLC (of which I would be the sole member).But, I want to make sure I don't trigger the recognition of a capital gain.How can I do that?

The LLC must file a formal corporate return, and issue a K-1 to all shareholders. 

I don't want a 506C, accredited investors only, as many of the 50+ friends i have brought in wouldn't qualify especially when they were young and starting in their careers, and only had big grad school loans and not close to the >1mil net worth requirement (congress about to raise to >3mil), but they had good income and desire to invest to provide for their kids. to OP, Forest, ask people you know about RE syndications, ask CPAs who have thousands of clients, ask RIAs registered investment advisors, who have tens of thousands of clients, a reputable GP will provide records, access to other investors, allow you to come to shareholders meetings, will explain their compensation, will talk w you about Deals that went bad or didn't perform up to expectations, believe me we all remember every detail of those and will explain why and what they learned from it.

This is an example of the fee structure in my state of PA :(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.

The evolving landscape underscores the importance of adaptability and resilience in safeguarding interests and capitalizing on emerging opportunities in an ever-changing market environment.Berkshire 2024: Highlights and Takeaways from OmahaThis year, I took another annual pilgrimage to Omaha for the Berkshire Hathaway shareholder's meeting while taking in tons of knowledge from fellow investors during events hosted by the CFA Society of Nebraska, Gabelli Funds, Aquamarine’s ValueX, Tegus and, of course, the main event – hearing Warren Buffett speak again.Naturally, Charlie Munger was greatly missed.During the first question, Warren accidentally referred to Greg Abel as "Charlie" when passing on a question.

No, if you’re an LP in a real estate fund or shareholder in a publicly traded REIT, you won’t qualify for a 1031 exchange.

To me being a limited partner or a shareholder means having no control and no decision making. 

You also have the problem of appreciated assets and then losing S Corp / revoking S Corp, and these assets are distributed to the shareholders at fair market value.

If you do not hire that much, and for you to avoid WC, add him as a shareholder with 1% share of the company, have him sign something that he could not do anything with the share (legal paper needed on this), give him a position something like "General Foreman".