LLC's & Corp's
Hi, As I'm still trying to educate myself on these things can someone please help out whilst I wait for the mailman to deliver some books on the topic and before I see an attorney/CPA.
After reading many of the posts on asset protection, liability, taxes etc.
My question is, are there any benefits/possibility on having properties in an LLC but under a S-Corp?
Will the tax implications pass through the LLC to the S-Corp?
My understanding is you will have the corp setup with owner and/or shareholders to whom a salary & profits must be distributed.
Is payment to the owner to be comensurate with the job at hand? ie If earnings/profit are low initially can a lower "token" salary be paid?
Is it possible to reinvest all earnings/profit and not pay the owner/shareholders?
Does anyone know if S-Corp can have a non-resident as shareholder or owner?
Obviously I need to seek professional advice for my own personal situation but am curious nonetheless.
Thanks