How to Live Through Your Corporation — The Private C-Corp Way (Legacy Builder Edition)

💡 The Truth They Never Told You

You can live through your corporation — not by hiding or “writing off” your lifestyle, but by building it inside the corporate structure legally.

A corporation is a U.S. person under federal law (26 U.S.C. § 7701(a)(1)) —it can own property, pay bills, buy cars, lease homes, hire people, and enter contracts.

It’s not “you.” It’s its own legal identity.

That’s the key to freedom and structure.

🧱 The Legacy Builder Framework (Made Simple)

At MAC Enterprise Consulting, we teach our clients to use a multi-entity framework that separates ownership, operation, and protection:

Level	Entity	Purpose
1️⃣ Trust (Irrevocable)	Ultimate owner	Protects wealth and controls everything
2️⃣ Holding Company (Wyoming)	Asset owner	Owns all subsidiaries for privacy and asset separation
3️⃣ Parent Company	Management	Handles payroll, strategy, and inter-company billing
4️⃣ Operating Companies	Active business	Run your main operations, travel, clothing, food, etc.
5️⃣ Property Management Company	Real estate	Owns and leases homes, offices, or corporate housing

Each company is a private C-Corporation, owned and controlled under the trust structure.

Each one exists for a clear business purpose — that’s why every transaction can legally be treated as a tax-deductible business expense under Internal Revenue Code § 162(a) (“ordinary and necessary expenses”).

🗝️ Unanimous Consent: No Board Meeting Needed

Because your private C-Corp has one shareholder and one director, you don’t need formal board meetings.

Instead, we use a Unanimous Consent Form, which states:

“As the sole shareholder and officer, I make all decisions on behalf of the corporation. No board meeting is required.”

This replaces traditional meeting minutes and is recognized under Model Business Corporation Act § 7.04 and state corporate statutes.

It simplifies corporate governance while keeping your records compliant.

🏠 Example: When the Corporation Owns the Home

How It Works

1. Your Property Management Company (PM Co.) buys a home in its name.

2. The company holds the deed, insurance, utilities, and taxes.

3. You live there under a Residential Lease Agreement and a Corporate Short-Term Rental Agreement.

4. Rent is paid to the corporation — or credited against compensation if provided as part of your employment package.

This is legal because the corporation owns the asset. You’re simply a tenant or officer occupant.

Tax Basis

• The company deducts mortgage interest, property taxes, insurance, maintenance, and depreciation under IRC § 167/§ 168 and IRS Publication 946 (Depreciation).

• You avoid “constructive dividend” risk by having a written lease and FMV (fair market value) rent.

✅ Templates available in Heartbeat (available for Momentum Members):

• Residential Lease Agreement

• Corporate Short-Term Rental Agreement

💼 Templates for Momentum Members

Momentum members gain exclusive access to the full suite of Legacy Builder business templates — including corporate housing leases, vehicle agreements, intercompany contracts, and more — all designed for private C-Corporations operating under the MAC Enterprise structure.

Members also receive live monthly trainings, replay access, and advanced resources that show exactly how to live through your corporations legally and strategically.

🚀 Join Momentum Today

If you’re ready to go beyond theory and gain access to every corporate template, class, and private training that teaches the MAC Way to build wealth through structure — join Momentum today.

Join Momentum Today

🚗 Example: When the Corporation Owns the Car

1. The Operating Company buys or leases the vehicle under its own name.

2. The company pays insurance, maintenance, and fuel as normal operating expenses.

3. Business mileage is logged; personal mileage is limited or reported as a taxable fringe benefit under IRS Publication 15-B (Employer’s Tax Guide to Fringe Benefits).

If you use the vehicle for both business and personal purposes:

• The company deducts the business-use portion.

• The personal portion is added to your W-2 income (per Treas. Reg. § 1.61-21).

✅ Templates available in Heartbeat (available for Momentum Members):

• Company Vehicle Policy & Agreement

👚 Example: Want Clothes? Form a Clothing Company.

Instead of buying clothes personally, open a Clothing or Apparel Corporation.

• The company buys inventory and sample pieces.

• You wear them at events, in marketing content, or to represent your brand.

• The corporation deducts the cost as marketing and promotional expense under IRC § 162(a) and IRS Publication 535 (Business Expenses).

• You are the brand ambassador — legally.

No write-off gimmicks. Just structure and purpose.

✈️ Example: Want to Travel? Create a Travel or Marketing Company.

Start a Travel Agency or Marketing Corporation that focuses on travel content and promotion.

• The company books trips to create marketing material, network with partners, or research destinations.

• Travel costs are legitimate ordinary and necessary business expenses if tied to business purpose (IRC § 162(a)(2), IRS Publication 463: Travel, Gift, and Car Expenses).

• You act as the on-camera talent or consultant for the company’s campaigns.

✅ Templates available in Heartbeat (available for Momentum Members):

• Travel Marketing Service Agreement

🍽️ Example: Love Food? Start a Food Company.

Form a Food Service, Delivery, or Catering Corporation.

• The business purchases food and ingredients for testing, product development, or service demos.

• Meals for staff meetings or content creation can qualify under IRC § 119 (meals for the convenience of the employer).

• Taste testing and content filming become research and marketing activities.

🧭 The Principle: Purpose + Paperwork = Power

Every company must have a defined business purpose.Every transaction must match that purpose.Every benefit you enjoy should be backed by policy, contract, or lease — not emotion.

Lifestyle Need	Matching Business Entity	Legal Basis
Housing	Property Management Corp	Lease + IRC § 162 + § 167
Transportation	Operating Corp	Pub 463 + Pub 15-B
Clothing	Apparel Corp	IRC § 162(a)
Food	Food Service Corp	IRC § 119 / § 162
Travel	Travel/Marketing Corp	IRC § 162(a)(2)
Oversight	Parent Corp	Management Agreement
Ownership	Holding Corp + Trust	Asset Protection

When you assign purpose to every dollar, you move from “spending money” to building legacy.

🧾 Core Agreements (Used in the Legacy Builder)

Each Momentum Member receives the following internal documents:

✅ Residential Lease Agreement – For living in corporate property

✅ Corporate Short-Term Rental Agreement – For dual-use properties

✅ Company Car Agreement & Policy – For business vehicles

✅ Inter-Company Service Agreement – For management and operations

✅ Property Management Agreement – Between Holding and PM Companies

✅ Branding & Apparel Agreement – For clothing promotions

✅ Travel & Marketing Agreement – For corporate content and influencer campaigns

All templates are housed in Heartbeat.

🧩 What Makes This Legal

• 26 U.S.C. § 7701(a)(1): Defines “person” to include corporations.

• 26 U.S.C. § 162(a): Allows deduction of ordinary and necessary business expenses.

• Treas. Reg. § 1.162-7: Clarifies that salary and benefits must be reasonable and for services rendered.

• IRS Publication 535: Details deductible business expenses and business purpose standards.

• IRS Publication 463: Covers travel, meals, and car expenses.

• IRS Publication 15-B: Explains taxable and non-taxable fringe benefits.

• IRS Publication 946: Details depreciation on business property.

• IRC § 167 / § 168: Depreciation and amortization rules.

• IRC § 119: Meals and lodging for employer convenience.

• Model Business Corporation Act § 7.04: Allows action by sole shareholder through unanimous consent.

🧭 Conclusion

You can’t “hide” personal life in your company.

You can, however, design your life through your companies — legally, intentionally, and with full documentation.

Your private corporations can:

• Own the assets you use

• Pay the bills tied to their business purpose

• Employ you, lease to you, and market through you

• Build your wealth inside the trust, not outside it

✨ The MAC Enterprise Way

You’re not “writing off” life —You’re assigning purpose to everything you build.

You’re not living off your business —You’re living through your corporations to build legacy.

📚 Sources & References

1. IRS Publication 535 – Business Expenses (https://www.irs.gov/publications/p535)

2. Identifying Constructive Dividends – The Tax Adviser, AICPA (May 2017)

3. IRS Publication 15-B – Employer’s Tax Guide to Fringe Benefits (2024)

4. IRS Publication 463 – Travel, Gift, and Car Expenses (2024)

5. IRS Topic 512 – Meals and Lodging for Employer’s Convenience (2024)

6. IRS Publication 946 – How To Depreciate Property (2024)

7. Internal Revenue Code §§ 162, 167, 168, 119, 7701

8. Model Business Corporation Act § 7.04 – Action by Sole Shareholder Without Meeting