{"version":"1.0","provider_name":"Arizona LLC Law","provider_url":"https:\/\/www.keytlaw.com\/azllclaw","author_name":"Richard Keyt","author_url":"https:\/\/www.keytlaw.com\/azllclaw\/author\/1llclawyer\/","title":"Should a Corporation Own Real Estate?","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"94fGcGlsjd\"><a href=\"https:\/\/www.keytlaw.com\/azllclaw\/2017\/01\/corp-real-estate\/\">Should a Corporation Own Real Estate?<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.keytlaw.com\/azllclaw\/2017\/01\/corp-real-estate\/embed\/#?secret=94fGcGlsjd\" width=\"600\" height=\"338\" title=\"&#8220;Should a Corporation Own Real Estate?&#8221; &#8212; Arizona LLC Law\" data-secret=\"94fGcGlsjd\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.keytlaw.com\/azllclaw\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>\n","description":"Question:\u00a0 I intend to buy a commercial real estate property.\u00a0 Should I form a corporation to own the real estate? Answer:\u00a0 No. Nope. Absolutely not.\u00a0 No way. Negative. Are you kidding? Ix nay.\u00a0 Uh-uh.\u00a0 Nah. Not on your life.\u00a0 No way.\u00a0 No way Jos\u00e9.\u00a0 Ixnay.\u00a0 I hope you don&#8217;t misunderstand my position. An article in Forbes called \u201cWhy You Should Never Hold Real Estate In A Corporation&#8221; states: \u201cTake, for example, the client who contemplates the type of entity that should be used to hold a piece of real estate. For most tax practitioners, this would elicit the following Pavolovian reaction:\u00a0 \u2018You should NEVER put real estate inside a corporation.\u2019\u00a0 And while there are very few NEVERS in the tax world, this one is pretty darn accurate.\u201d See also \u201cThe Perils of Holding Real Estate in a Corporation,\u201d which discusses the federal income tax reasons it is a bad idea for a corporation to own real estate. \u00a0 &nbsp;"}