If it is a partnership/S-corp or a state that won't allow a QJV, then you may want to file an extension & talk to a tax professional who can help you navigate through this as that would introduce a lot more complexity into the mix.

Then acquired by Cheap Lands corporation and they sold the land to me.

Hoping things change🤞🏼I am involved in the community here and know first-hand the money and resources being thrown at minority-owned businesses from large local corporations as well as local community foundations. 

You might be able to join our tribe through Prime Corporate Services.

Yes, classifying your LLC as an S corporation when you file your taxes can avoid most self-employment taxes and open up new retirement planning opportunities like a solo 401k.

Better split, smaller cap, no $3,000 annual contribution to corporate.  

While some use floating rate debt, for say, corporate unsecured lines of credit or capital commitment facilities, they also tend to use Swaps versus interest rate caps, and often times will build interest rate collars on their floating rate debt.  

To offer asset protection and liability insulation, think about establishing a limited liability corporation (LLC) or other legal structures.

Partnerships and corporations cannot be shareholders.To elect for S-Corp treatment, file Form 2553.

I know people paying cash in multiple states so theoretically it "cash flows" but I'm not a fan of paying cash Can you do MTR or STR in Fresno to traveling medical workers or corporate professionals so you have less negative CF vs.