@Penny Clark An S corp is not an entity in itself, it is an election to tax an entity as a pass-through entity, meaning you don't pay corporate tax.

The reason I mention this is there may be a time constraint on wanting to complete all aspects of this transfer of tax basis prior to the election.  

Brown failed to avail herself of the service electing, instead to forego payment for the services provided.Therefore, the role and labor of any sales team became a commitment of Ms.

,Sad but true:  our politicians (both elected and appointed) deem it more important to support those with emotional problems than those with physical problems. 

An LLC can elect for the IRS to tax it as an S-Corp.Not saying that's what you should do, just saying it is an option.

I realize there are much more hands off ways of investing in these properties, but most of the parks I am aware of (my Dad was the president of the Colorado Campground Owners Assoc for a while) involved owner/operators.

Moynihan (51) President and Chief Executive Officer since January 2010; President, Consumer and Small Business Banking from August 2009 to December 2009; President, Global Banking and Wealth Management from January 2009 to August 2009; General Counsel from December 2008 to January 2009; President, Global Corporate and Investment Banking from October 2007 to December 2008; President, Global Wealth and Investment Management from April 2004 to October 2007.

So long as you are setup as an LLC with an S-Corp election and so long as the split passes the reasonableness test, its only the salary amount.

Since the $400 stove is less than $2500, then I may elect to use this safe harbor and deduct the cost of the stove. 

Man, the election, a heaping pile of bills, having to move again much sooner than I'd like to, overworked.. it's a lot.