Corporations & L.L.C. Questions - Posted by Keith


#1

Posted by Bronchick on December 07, 1998 at 10:07:02:

The dividends are reported to your corporation. If your corporation has elected subchapter S status, then the income will flow through to your personal return via IRS form K-1.

There is no prob with having both an LLC and corporation, just more tax returns.


#2

Corporations & L.L.C. Questions - Posted by Keith

Posted by Keith on December 05, 1998 at 15:49:19:

I am about to begin real estate corporation and have a few questions.

  1. If I were to place my corporate account in a CD, would this be reported as dividends gained by my shareholders
    (Namely me)?

  2. Can I have both a Corporation & L.L.C.? And are there
    any complications I might run into in doing this? I live
    in Texas.

Please respond if you know…

Thanks.