Dave, Do they have LLC's in your state.Alot of developers I know have a main holding company ,usually incorporated, and then they setup LLC's that own the land and then their building LLC does the actual construction. More bookkeeping but it limits your liabilty and you still have corporate type protection,if one fails, so they can't come after your personal property or other entities.Plus you can carry loses forward if you don't need them that year.Confusing but it worked for them.I would talk to a CPA or tax attorney. Hope I didn't confuse you Vito
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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