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

Also worth mentioning I keep 100% of my comission after I have capped and I love the culture - all agents support each other, because they are all share holders and benefit from everyones success, which puzzles many of the new agents when they experience it first ("What??

Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal BenefitAnother factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.As you earn more income from flipping business, you should definitely elect to S-corp to save on SE tax. but if you are not making around 80k Plus, the benefits are outweighed by the complexity and expenses of maintaining it

I am inclined to agree with him, however I feel that the added benefits to a first time investor of an experienced shareholder with interests in the company often far surpass the cost of giving away equity.

Also, to keep an LLC compliant, there is a ton of administrative work required (minutes, shareholder meetings, etc). 

I wouldn't let others invest more $25K a piece so that you still remain as the main shareholder of the property.

So, if you were just a limited partner in the partnership or shareholder in the S-corp, when the entity prorates the gain and gives you your portion, the gain will still come to you are the ordinary gain. 

Many companies will choose to pocket the tax savings and show a higher net profit to their shareholders. 

Unfortunately, if any shareholders want cash out, they'll take a personal tax hit as well when it is pulled out as dividends.  

Because in 19 years and 364 days, you can covert that big term into a WL policy, and retain your insurability.Make sure you buy insurance from a MUTUAL company, that way, you are partial owner of the company, and not a company with shareholders and is traded, you'll have a better performing policy.