It will occur from the media and a world wide coordinated leftist effort to bring down the new President.

also if the sub contractors are Corps or LLC with an election to be taxed as a corp no 1099 required

We have Alderman which are neighborhood elected officials.

For instance:-"Dissolution of LLC, even if election to continue is made"-"Any member withdraws from the LLC"-"Any assignment for the benefit of creditors"So, am I correct in understanding that anytime someone buys out someone else in an LLC, they are risking the bank accelerating the note? 

@Steve Babiak  the other reasons I thought it could be elective is I took massive depreation on our airplanes..

Might be quicker and easier to just pay out of pocket, get it back to market and producing income again to recoup some of the losses3) Cannot help you with attorney - but yes, you should do all of those things - over the years we have had enough of these cases and sent them to collections that now it is another monthly income stream4) Yes, it will not hurt, then you will have it depending on the avenue you elect to pursue to stabilize it

Has the transaction closed or can you still elect to do something like an exchange @Peter Mikhjian? 

After all it is just paper with picture of dead presidents (and Franklin of course).  

If not, 1) Invest in other Passive activities to generate passive income2) If you are involved in other business, using different Depreciation methods, the Section 179 deduction, a Keogh, SEP, or SIMPLE IRA plan contribution, certain accounting method elections, and a health savings account contribution are examples of strategies to consider.3) Next time you buy a property, rather than contributing a capital, loan to your entity.

Alternatively, you can elect to treat your LLC as a corporation for tax purposes, which may have some tax implications.