Can a business legally dispense profits differently than by percentage ownership?
I am looking at creating a real estate holding company that owns medical office space. The tax law limits the ability of service professionals to take advantage of the pass through deduction.
"Crack and Pack" guidelines require these professionals to have <50% ownership of a building. I want to see if I can bundle 3 professionals at 1/3 each ownership but then pass through "income" different than that 1/3 ratio. Otherwise it gets a little more complicated in putting the structure together
I am looking at creating a real estate holding company that owns medical office space. The tax law limits the ability of service professionals to take advantage of the pass through deduction.
"Crack and Pack" guidelines require these professionals to have <50% ownership of a building. I want to see if I can bundle 3 professionals at 1/3 each ownership but then pass through "income" different than that 1/3 ratio. Otherwise it gets a little more complicated in putting the structure together
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