Buying a Building C corp is a moving company and wishes to buy its own building. It is unwise to hold real estate in an operating corp, so a separate entity is established to hold the property (usually an LLC). How does the Corp buy the land/building and then title it in the LLC? Can one entity simply "give" property to another with no tax ramifications? Maybe I am making this harder than it is. Is it as simple as deeding the property at closing? |