Here is my rationale . . . Brian, if there is not profit it is not an issue. I sometimes transfer title to my FLP after closing and just report it as though the FLP owns it.
Salary reduces the corporation's net income.
It is an expense to the corp. On another site they were touting LP's for asset protection. They claimed the courts couldn't make you sell assets in a LP to satisfy a judgement. Yes, to a point. BillT - get a new attorney.