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Old 02-03-2012, 03:02 PM
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meets1 meets1 is offline
LawnSite Gold Member
Join Date: Feb 2004
Location: NW, Iowa
Posts: 3,731
Good point. I was just coming here to look or thread myself. I have an S-corp. Partnership. Now lookinig at another business. Here is my question though - I have property. Build a retail store at it - I won blding but they pay me rent. Then I start another business on opposite end of property which I will run and that business pays me rent. So you have LAND. BLDING 1 and BLDING 2 All which I will own. But do I pay for land myself. Blding 1 and 2 I also will own and build. Those bldings in a different name, pay me rent, which pays mortage, etc.
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