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.Click for Boise Payroll Service Click to Form an Idaho Business