Two shareholders: his company and myself under my personal name.

Some of the reasons I'm drawn to the benefit corporation option are to strike more of a balance between the needs of shareholders, clients and the community. 

Thanks in advance.BlaineDistributions of property (other than cash) generally are treated as though the corporation sold the property to the shareholder for its fair market value (FMV).

LLC:Default taxation is that of a partnership with profit distributions allowed to members of the LLC Owners' personal assets are shielded from risk LLC is not considered a taxable entity for income and therefore profit/loss flow to the owners' personal tax returns Involves a self-employment tax Requires registration with the state (which poses questions considering we're looking to invest out of state)Corp:Members are shareholders rather than self-employed; personal tax returns are not involved Corporate tax rules apply - entity is taxed on net earnings and then any dividends paid to shareholders are taxed as well (double taxation)Would paying dividends be required? 

Shareholders have to vote on it but the co-op has retail units that might make a conversion attractive for a developer.

W2 payroll is for the non-owner employees or for corporate shareholders, both S-corp and C-corp.

Companies, especially insurance companies don't voluntarily take less profit.I think the crazy hurricane season the past year, plus the rising lawsuits and awards, are making the underwriters and shareholders panic -- or at least nervous.We have been the state hit the worst for insurance rate hikes over the past few years. 

Income Tax Return for an S Corporation, to report business earnings or loss and each shareholder’s portion of the corporate income or loss

We use the cash in for equity to purchase a particular deal shareholders sign on for.We put the lending together for acquisition and any renovations if needed.

After the hotel dissolved, a corporation was put in its place, and there was a deed which was set onto the land to restrict any activity/business such as there was prior with the hotel in the early 1900's.The Dilemma:As soon as I put in an application for the Short-term rental permit, members (corporation shareholders) of the area had presented a part of my deed dating back to 1922 which states, "may not be used as a boarding house, or any mercantile or mechanical use".