What you might wanna do is conduct your deal via a seperate entity that you both are partner/shareholder of. 

It depends what kind of business, how many shareholders, what you want to achieve etc.It would be a good idea to engage an attorney and a CPA and have a chat to both of them about what you want to do.

The reason for this is because you want the potential tax savings to out weight any of the compliance/admin costs.S-Corp could save you on payroll tax as the income not paid out in salary is not subject to self-employment tax(15.3%).Example - an S-Corp with $60,000 of earnings before paying a salary paid $25,000 to its shareholder. $25,000 is subject to payroll tax of 15.3% while $35,000 difference is not subject to self-employment tax. $35,000 x 15.3% = $5,355 Tax SavingsHowever, there are costs in setting up an S-Corp.Formation costs with Secretary of StateAnnual fees/dues to Secretary of State to keep it in standingfees paid to accountant for additional tax filingYou have an option of creating a C-corp to be taxed as a S-corp or an LLC to be taxed as an S-corp.Let me know if you have any specific questions.

Forced growth to accommodate share holder desired return can lead to investments that erode the quality of the REIT4.

They do it to benefit their bottom line and their shareholders.

I understand that most months I would not make a lot of money, if I could come close to breaking even I would be happy (I think $100 a weekend during an off month is a reasonable expectation for downtown Omaha) and then during Berkshire Hathaway shareholder meeting in May I think I could easily make over $1,000 and then over $2,000 during June and the College World Series (my condo would be a long walk or short cab ride to both events). 

The bank wins by getting these assets off their books so that frees up capital for new notes out to new borrowers, which also helps the economy,  they take 2+ years to write down the loss I come along and purchase the loan and they report my purchase money as profit for that quarter to their shareholders YaY!

First, if you are sued and they win, you will be pursuant to a Charging Order, meaning they come after you as a SHAREHOLDER of the business.

@Gregory TruesdellCorporations are normally subject to income tax upon distribution of an appreciated property.However, in this case it appears that the distribution is being made to a person who is not a shareholder of the corporation.

My wife is a 1/6 shareholder, her sisters each hold 1/6 and her aunt 3/6.