BUSI 561 Lecture Notes - Lecture 4: S Corporation
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Thank you for your comments on my discussion forum. For betty"s corporation, i would suggest her to form her corporation as s-corporation under the current irs tax codes. I agreed with you whole-heartily that betty should not take erma as her partner and erma is having the wrong reason to go partner with betty. I would suggest betty to pray for erma and start bring her to church and allowing her to know more about jesus before any business. However, should betty"s business has gone bigger in the future and requires additional capitals, Betty then can invite alice to invest into her corporation by buying the shares of the business that way, alice can involve into the business while stay at home with her family. Alice"s husband is a non-christian and having him on board in the future might be a good chance to share jesus and the love of god with alice"s husband.