Owning property in a C-Corp
I had someone reach out because he wants to buy a residential investment property in the name of his C-Corp which is an oil & gas company. In doing research this seems like a really bad idea & he would be better served creating an LLC to own the property. Am I correct & does anyone have an explanation of this saved they can share? @Nick Wright - perhaps you have some insight as an accountant?
I guess first step is to make sure he checked with his accountant?