looking for a corporate job is considered radioactive these days (although maybe that's always been the case?).

Akita Alaskan Malamute American Staffordshire Terrier Bullmastiff (not MI and MD) Chow Chow Doberman Pinscher Great Dane Pit Bull Presa Canario (not MI and MD) Rottweiler Siberian Husky Staffordshire Bull Terrier Wolf Hybrids of ANY kind The day care next door has a new pit bull also and I am not sure how they get away with it.

Otherwise, use the corporate resolution idea suggested by Justin instead of a power of attorney.

Rangers win American League pennant.Now down to Phillies and Giants for the NL pennant.

Find a tenant who can put good monies down and make a higher then normal lease payment for him to take an active tax write-off if the seller allows that this is all done under IRC 163 h 4(d) as a beneficiary in the trust..We also use a triple net lease NNN so the tenant takes care of the property so no work needed on your part but you have to find the right tenant .. this is just an example of one possible deal..Another reason I invest with LT's is to protect the title and all investors in the deal from litigation or problems.I like the fact you have viable exit strategies very important in investing to have options..I would much rather be a principal and be involved in the property if I did all the work since you could lose it if he decides to go with somebody else since in a trust you can NOT be circumvented in the transaction you would vote to the trustee so the seller has control and anonymity and believe it or not a degree of asset protection especially if he holds his beneficial interest as an LLC or C corporation ( no legal advice intended)You can email me if you like to discuss but it looks overall ok I can not tell on the financing on the rent/lease amounts for the area or any other hidden expenses.

First thing is obvious legal advice needed on your entity structuring I.E managing LLC to manage your operation.I agree with your statement on assigning the % of beneficial interest to your LLC which does provide a good degree of asset protection ( no legal advice intended just my suggestion) since I work with land trusts and that is the preferred way to do this and you are effectively "layering" out any potential liabilities that is why land trusts and LLC or C corporations compliment each other so well.It is better to do this when the trust is created then to have to go back and do it just cleaner that way.In how we work with land trusts we use a corporate 503 (c) trustee corporation, who does all the trust administration so a management company really can not be used since it could invalidate your trust since the trustee performs a free collection service as well in their duties to the trusts beneficiaries.I would IMHO, separate an LLC to do the collections or use another licensed bonded company.The replies seem to be great advice since you would not wish to be commingling assets and you would want accurate management of your properties.Typically in a trust the tax burden falls to the trust beneficiaries and if you have a professional trustee you should have all tax statement from him on the payments received for tax purposes..Your estate planning or RE attorney should be able to structure for you a viable solution based on your tax structure since that is involved.Good luck to you..

If you have a corporation then you are required to pay yourself at least a minimal salary which will be most if not all of the payroll related taxes.

The “Medicine Cabinet Tax†– Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin)7.

allow me to reiterate...you are buying a two unit property for a little over $10,000 out of your pocket out the door using a loan insured by the government in the midst of quite possibly the worst housing crisis in american history.

For 2011, if I pay a contractor, for example, who is a corporation (and not just a sole proprietor) for some repairs or rehab work and the check is made out to the corporation, is a 1099 still required?