3 ms·
Guessing you're a member of an LLC or shareholder of an S-Corp with pass-through taxation. Can't agree more what a pain it is to wait on your old partners to do
by bloudermilk 3y ago
Guessing you're a member of an LLC or shareholder of an S-Corp with pass-through taxation. Can't agree more what a pain it is to wait on your old partners to do their taxes every year before you can do your own.
If you're just holding shares/options in a corporation that isn't going through ownership changes, that problem doesn't exist.
That said, there are still valid reasons to cut ties with past partners/employers.
- TheNewsIsHere 3y agoI feel for the original commenter. My cofounders and I traded the hassle of personal tax involvement for double taxation with my C-corp, and it was truly one of the best business decisions we have ever made.