An S Corporation is one of the entity types which allows a stockholder to report income and loss on the income tax return. Apply Credits and Deductions to Lower The Tax Liability.
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What is the legal procedure to
add a partner to a S Corporation
Myself
and my husband are officers in a S Corporation, small construction company. We
are considering allowing a third person to buy into the S Corporation. A second
office may be open in another city in the same state, third person would handle
that office. What is the legal procedure to do this?
Reply : infotaxsquare.com
You have the following options:
Amend the original article
Call a meeting of all stockholders and issue him/her stocks based on his ownership and designate his/her position in the company