It's no different than companies and corporations performing background and credit checks to determine the risk of hiring a new employee to further protect the owners/shareholders investments/money.

Also known as ROBS.It is a C-corporation that is opened with you and the the 401k shareholders.

The the shareholder that received the dividend would receive a dividend of $1 million.

But the corporation's income is taxed and then dividends to shareholders are taxed again.LLCs were invented to give businesspeople the liability protection of a corporation with the tax advantages of a sole proprietorship.

Form a new entity with you and your buyer as shareholders (or managers if an LLC) and then the POF that comes from your buyer matches the name on the entity docs (you can also use a trust and name your buyer as beneficiary and you as trustee which would accomplish the same result).

.- Investor with 10 properties free and clear- Management Fund, 30,000 houses, stock share holders, FTC regulation and thousands of employeesI am striving to become the second (free and clear land lord)...I argue that so long as investors don't over-leverage we will prevent another bubble and crash.

Changes to a system that was working well for you can be frustrating, I understand.Hope it works out for you in the future.Karendisclosure: Ebay shareholder

Go find a case where real property was forced back to it's resident district court state in the case of builder's foreign LLC, with a charging order or land-lord tenant judgement, if you find it please post it up Id like to see it ;) @Terry Portier , It would be taxed to Illinois regardless as the income is earned in Illinois Yes, there is a 1.5% replacement tax on passed through income in Illinois before it gets to the shareholders.

One of the interesting things he said was that we need to move away from the "maximizing shareholder value" culture that nearly brought our economy down and move towards an economy that creates value.

You as another shareholder may be eligible to personally guarantee the loan on the property.