Posted 3/28/2021 17:31 (#8921535 - in reply to #8920916) Subject: RE: advice on retirement
We do have something in the articles if one of us dies for buyout, but retirement isn't addressed. The share value of shares is already discounted as to what we would really get after the government gets it's share. Our lawyer recommended we go to an S corp several years ago to give us more value when we want to retire, but my brother was strongly against it. I'm not sure why. You have to switch 5-10 years before one of us retires in order for the government recognizes the switch.