@Jim EtheridgeIt sounds as if you may be self-employed and not have any full time employees.  

He can treat himself as an employee of the new management company and yes he can use it to supply his health insurance etc.  

Then they're an Employee where you must provide Insurance, SS, IRS, DOR, Compliance with OSHA (the Sub above is responsible for OSHA Compliance, not you), etcvs.

Creating relationships with vendors, customers, and employees was vastly different from the relationships a teacher would have with administration, parents and students.

Creating a real estate marketing/photography business and I assume to get paid by clients i can go two ways: - they can cut a check to my brokerage in NYC / me basically as a 1099 employee- form an LLC and they cut the check/pay that- maybe other options? 

One of my neighbors said his CEO visited the local office recently for a networking dinner with a dozen employees.

I can then do it for every part of the business to keep employees on track.  

And, honestly, that's how it should be (at least where there is a capital gains tax to begin with; some countries don't have that).But as @Dave Foster has said: consult an estate planer, especially since this property is probably not your only asset you have and plan on passing along.

Hello all,I'm a full time employee and college graduate.

With all due respect, I, and my employees, have been using NADA for years and when it is correctly used, by someone who knows how to use it, it is as accurate as any source out there.