Question
Father and daughter owns an S Corporation. Father owns 60% and daughter 40%. If the dad passes away what happens to the S corp. Can
Father and daughter owns an S Corporation. Father owns 60% and daughter 40%. If the dad passes away what happens to the S corp. Can the daughter inherit her dad's shares without affecting the S Corp status. Are shareholders of an S Corp allowed to have an irrevocable trust? Which kind of trust is best for S corp owners?
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Step: 1
Inheritance and S Corp Status Passing of Shares When the father passes away his 60 share of the S corporation will be subject to his estate plan Depen...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
