That’s a Nice S-corp…Shame if Something Were to Happen to it…
By Keith Finch
Sometimes poorly-drafted corporate documents will allow the majority owners of an S-Corporation to abuse a minority shareholder. A savvy business attorney, however, can identify a potential “nuclear option” within those same documents that could threaten turning the tax-friendly S-corporation into a double-taxed C-corporation.
Please visit the latest issue of Valley Business Front May [PDF link] for a case study on this topic.
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