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Old 02-05-2011, 10:36 AM
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Join Date: Feb 2011
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Question s-corp partnership

and agreement was signed by 2 people to share 50/50 with profits and losses in a company had it notorized and all the problem is is it legal because only one of the people involved owns all 100% of the shares - this is and s-corp. the irs states only shareholders own and s-corp no partnerships unless both own shares in the s-corp



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