Myself and my partner just completed this step.

Will someone on your team step up?

The scorp would provide a 1099-INT to the majority partner for the $440 paid.If the company wanted to take it a step further could the minority partner then get a bonus of $440 for "management" at the end of the year.

Wat Steps am I missing to fully close...THANK FOR THE HELP!

Inquire after the back-story as well: are the any current or recent delinquencies or eviction proceedings, what is the occupancy history, etc.If those numbers suggest a promising cash flow, then move on to the next step, called "reconstructing the owner's statement."

(There is a new program available - the Corporate Shield Program - for small operators but less than 100 operators have taken steps to use it yet.)

Indra,There are certain steps that need to be observed in all that we do in life if we are to achieve results!

I am trying to accumulate more rentals, and feel this is a good step towards that goal.

If I get through today and don’t’ find anything else that makes me run, I’ll approach the next steps which will be the attorney and financing.

In all of the states I've worked in (as an assessor) there have been three steps: (1) an informal request for review of the assessment to the local assessor; (2) an formal appeal to a local appeal board; and (3) a formal appeal to circuit court, tax tribunal, or state revenue commission.