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Boise Idaho Business Guide: C Corporation

Yes. An Idaho C-Corporation can own real estate and is the best at protecting shareholders limited liabilities. However, real estate that goes into either type of corporation typical does not come out tax-free. Transferring property out of an Idaho C or S-Corporation is a taxable event whereas it is not taxable in an LLC.

This is a significant disadvantage for real estate investors.

However, you can have your corporation buy real estate via rent. One method is to have your corporation pay rent for a building which is owned by a separate Idaho LLC that you own. The rent paid by the corporation is a tax deduction for the business and the income from the rent is offset by operating expenses and depreciation. This is an excellent way to move your wealth into real estate.

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