Pre-trial in 9/9 and docket sounding will be October 14th.This trial is going to be very interesting as around 30% of the debt relates to work performed on personal property, so it could prove the corporate veil has been pierced.

I don't think either way they have retail operations in the other countries and mostly focus on corporate banking.Probably the same for owner financed properties.One thing I have seen lately is some VA foreclosures start to pop up again. 

Seems insane to me Its like, sorry im not a 100 million dollar corporation and can just float my bills for 30-90 days.  

They’re not just working harder; they’re working smarter with the S-Corporation tax strategy.But before we dive in, let’s clear one thing up:*This only works for active income.That means flipping, wholesaling, commissions, construction, or property management income.It does not apply to rental properties or long-term passive investments — and putting rentals inside an S-Corp is one of the worst tax mistakes you can make.Let’s break it all down:Step 1: Why the S-Corp Exists (and Who It’s For)An S-Corporation (S-Corp) is not a special type of company; it’s a tax election.You can form an LLC, then elect for it to be taxed as an S-Corp.It’s perfect for people earning active income — anything where you work for the money:-Flipping houses-Wholesaling deals-Real estate commissions-Property management fees-Contracting or constructionHere’s why:A sole proprietor or regular LLC pays self-employment tax (15.3%) on all net income.An S-Corp lets you split your income between:a “reasonable salary” (subject to payroll tax)and “distributions” (not subject to self-employment tax).That simple shift can easily save five figures a year once your business income hits the six-figure mark.Step 2: How the Wealthy Use It to Build Explosive WealthHere’s the play wealthy entrepreneurs use again and again:They pay themselves smart, not just more.Set a reasonable salary — what the IRS expects for your role — and take the rest as distributions to cut payroll taxes.They reinvest the savings.The extra cash that would’ve gone to taxes gets redeployed into more flips, marketing, or acquisitions — compounding their growth.They hire strategically.Many bring family members into legitimate roles, shifting income and creating generational wealth legally.They layer entities.Example:S-Corp runs the active business (flipping / wholesaling / management).LLCs hold the long-term rentals.That separation protects liability and keeps tax treatment clean.Why S-Corps Don’t Work for Rental PropertiesHere’s where many investors go wrong — using an S-Corp to hold rentals.

You already know how to run it; you just need to plug into local travel nurse networks, Furnished Finder, and corporate housing directories.

This means that you may need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should in theory be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

For flips, use an S Corporation to reduce SE taxes.

Keeps it simple and still screens well.Advertising:I’ve had the best luck with Facebook Marketplace, local travel nurse and corporate housing groups, and Craigslist.

Choose an entity structure like an LLC or S Corporation to separate income, protect assets, and open the door to additional deductions.

Upfront costs would be 5k for setting up a DST.Prime Corporate Services - Their marketing was about scheduling a 1 hour session with an attorney however I spoke to an advisor who seemed less interested in answering my questions and more in moving through the presentation and emailing me documents for setting up LLCs.