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Yes, understood, it is daunting though to tie the K1 to the book results of the company. And in this case, the distribution will be for their estimated tax liability.
I understand one type of stock, however on advice of attorney, we were told we could have voting and non-voting shares. Do you have a reference I could read on this, so I am clear we are not in conflict with any regulations? Thanks
We are a S Corp. Thank you very much for your candid comments.