Posted by Tom-FL on January 12, 2004 at 19:29:44:
You use a C corp with it’s own taxpayer ID to take the dealer hit and pay all the taxes. Then you are just an employee.
It really only matters if you ever intend to take advantage of passive income rules for landlords. They may be unavailable if you had a “dealer” tag on your back.
Using a separate entity is still a good idea for other reasons as well.