•Our shareholders may only remove our Manager for “cause” following the affirmative vote of shareholders holding two-thirds of the outstanding common shares.

S corporations generally make non-dividenddistributions, which are tax-free, provided the distribution does not exceed the shareholder's stock basis.

When you choose the S Corp election, whether through an LLC or a C Corp, you have to abide by the S Corp rules (less than 100 shareholders, only 1 type of stock, etc).

An LLC can elect to be an S-Corp as long there are at least two or more partners/members/shareholders.

Unlike partners in a partnership, S-Corporation shareholders do not receive debt basis for loans made by a third party to their corporation.

I was thinking an S-corp with them as sole shareholders, however, I personally would loan them the money (promissory note) to buy the SFR or other investments.

If your doing shady stuff, yeah you could get smacked by a judge, otherwise they are hard pressed to issue such an order.Courts will impose personal liability only on those individuals who are responsible for the corporation or LLC's wrongful or fraudulent actions; they won't hold innocent parties personally liable for company debts.Courts might pierce the corporate veil and impose personal liability on officers, directors, shareholders, or members when all of the following are true.

Do the dividends issues to shareholders go to the IRA or to you?  

So stuff from 2007 to 2010 with a diminishing inventory in later years.Last but not least, those types of institutions have a duty to their shareholders, that if they did need to sell for some reason they would be required to put the loans out for auction to obtain the highest and best price for those loans possible.  

These are basic numbers simply for painting a picture of the concept.)To Start:— First, we want to TIC the building and sell the upper unit to an LLP we set up with 14 family members (nieces, nephews, cousins—3 sibs to one partner, and 1 parent to the other partner) as minority shareholders and the two of us as majority, though not 50%, shareholders