Posted by JHyre in Ohio on December 07, 1999 at 06:31:04:
The corp is 99.9% likely to be selling inventory (i.e.- the mobile homes). Gain on inventory is taxed immediately at ordinary, as opposed to capital, rates. Also, no like-kind exchanges or installment sales. C-Corporations are subject to double tax UNLESS you plan up-front- so by all means, plan up front!
John Hyre