I'm trying to decide between structuring as an LLC or a C-Corp. Before anyone gets bent out of shape, I have an appointment with my attorney in a couple days. But I'm still reading a lot of stuff online, including the IRS publications.

I'm buying a property management company that is currently structured as a C-Corp. She maximizes tax write-offs by paying for her car, gas, phone, insurance, etc., all through the company and then draws minimum funds for salary. Her company ends up showing a loss at the end of the year, so she pays no taxes. Her minimal salary draw keeps her in a low tax bracket. It seems to be more beneficial than an LLC.

One caveat: when I buy the company I will keep her on as the responsible broker and she must be a member/partner until I get my broker's license. She doesn't want to vote, run the company, draw a salary, etc. She just wants to sell homes and help me out with PM if I run into problems.

If anyone has advice or experience, I'm all ears!

Have 2 separate companies one for PM and one for regular sales so that if a lawsuit happens with PM you can shut it down without affecting the regular sales.

With each state corporations function differently. I am in GA and an llc. I can do all the things she does with her corp with my llc as far as write downs and salary draw.

You cannot take a loss year after year. In the beginning the IRS will give flexibility to a new business for that. After a few years they will expect you to turn a profit no matter how small it is.