Guys, I have a rather simple question.
If I want to buy a building (and then do additions) for my business (S-Corp). Is it better to
1 + Buy it as a personal property, pay all the additions/renovation and then lease it back to the business
2 + Buy it as a personal property. Lease it back to the business then have have the business do the renovation/addition
3 + Have the business buy it. Then do all the needed renovation.
As far as liability is concern, (1) looks like a winner. In all three cases, I don’t see which way is clearly a tax saving approach.
I’ll discuss with my CPA but I want to post a question here to see more ideas.
Thanks
If I want to buy a building (and then do additions) for my business (S-Corp). Is it better to
1 + Buy it as a personal property, pay all the additions/renovation and then lease it back to the business
2 + Buy it as a personal property. Lease it back to the business then have have the business do the renovation/addition
3 + Have the business buy it. Then do all the needed renovation.
As far as liability is concern, (1) looks like a winner. In all three cases, I don’t see which way is clearly a tax saving approach.
I’ll discuss with my CPA but I want to post a question here to see more ideas.
Thanks