LLC owned Corporation
Since lenders generally don't lend money to LLC's (without personal guarantee) would it be feasible to create a corporation owned by an LLC to buy property(and build business credit) then transfer it to the LLC to be held, sold, etc. to avoid double taxation? I'm thinking that since the LLC and myself owned the corporation anyways it would not be considered a taxable event.
Have a good feeling the consensus will be to consult a CPA and lawyer on this one......Just a hunch =) -Brandon