I need help with an ownership change situation

2021.12.02 04:25 UIhelpTA456 I need help with an ownership change situation

I am part owner of our family business. I am a 10% owner and manage the day-to-day operations of the business. My dad is 46% owner and was an active participant in the business. His sister (my aunt) is a 44% owner and is just a passive owner.
Due to COVID related losses last year, we are down to just myself running the business. My dad has decided to step down and retire and my aunt has decided to give her shares of the business to me.
It is an S-Corp and there are 1,500 shares outstanding with a par value of $10.00 per share. The capital stock on the balance sheet is $15,000. Before he left, our bookkeeper suggested just having my dad and aunt give their shares back to the corporation. That way the corp holds 1,350 shares and I hold my 150 and I would have full control of the business.
I don't know which way would be better to approach this and if there's tax or other consequences depending on this ownership transaction.
It looks like at the end of 2021 the current year net income retained earnings from previous years, will total about $100,000. If I make a distribution to the owners, does having 90% of the stock in the corporation's name cause any issues? Is there a way to cancel those shares and just have the total outstanding shares just be my 150?
This has been a whirlwind year and while I was able to keep the operations running adequately after laying off the staff, I just don't know have much experience in the end of year tax and ownership issues I'm facing. Any help or advice would be greatly appreciated.
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2021.12.02 04:25 anaheimhostthrowaway Need someone to get naughty with late at night

Need someone to get naughty with late at night submitted by anaheimhostthrowaway to OCgaybrosgonewild [link] [comments]


2021.12.02 04:25 Embarrassed_Sea_6825 How do I handle a long distance breakup because of starting at separate colleges?

Im doing great in school- but I’ve seemingly turned to drugs for temporary happiness and I feel suicidal at times, mostly night - I want a real way to deal with my sadness
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2021.12.02 04:25 iGhost_AVM SPREAD THE MESSAGE

submitted by iGhost_AVM to Starset [link] [comments]


2021.12.02 04:25 darshlakhwani Why did I get ghosted after an amazing convo

So some backstory:
So there's this girl who I came across online cause we were part of the same project. So I hit her up congratulating her that she did great. Our conversations were pretty dry until a few days later...
Ig I replied to her story and asked her how she was doing and we had a great conversation over text... she was really expressive and smart and I really enjoyed talking to her... we were mostly talking about work but she really inspired me cause I was feeling low... the convo ended and I told her that we'll keep in touch.
But after that all our convos have been weird, I normally hit her up, she replies as well but after that I get ghosted. I recently sent her something I wanted her to watch, she said she'll get back to me but SHE NEVER DID and this is becoming a cycle. Is she not realising what she's doing
What do I do? I'm tired of initialising a dead conversation and it ends up with me being ignored
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2021.12.02 04:25 burtzev [China/Laos] An Empire Built on Debt: Laos-China railway to launch as debt to Beijing mounts | ABC News

submitted by burtzev to worldanarchism [link] [comments]


2021.12.02 04:25 roooit newCRYPTOlisting: Maple (MPL) now listed on Poloniex


https://preview.redd.it/m0grpgytz2381.jpg?width=50&format=pjpg&auto=webp&s=70dee9733361067aeba0e3ee1f33db4480ec2b7d
You heard it first here! Maple (MPL) is now available for purchase or trade on Poloniex

Maple (MPL) Price $26.03
Price change (24 Hrs) 17.1%
24 Hrs Low / 24 Hrs High $21.83 / $25.96
Trading Volume 24 hrs $1,896,919
Market Cap $75,229,699
Total Supply 10,000,000 Maple (MPL)
PURCHASE OR TRADE ON Poloniex
PURCHASE OR TRADE ON Poloniex
Maple price today is $26.03 with a 24-hour trading volume of $1,930,717. MPL price is up 17.1% in the last 24 hours. It has a circulating supply of 2.9 Million MPL coins and a total supply of 10 Million. If you are looking to buy or sell Maple, Uniswap (v2) is currently the most active exchange. Maple is a decentralized corporate credit market. Maple offers borrowers transparent and efficient financing completed entirely on-chain. For liquidity providers, Maple offers a sustainable yield source through lending to diversified pools of crypto’s premium institutions. The Pool Delegates that manage these pools perform diligence and set terms with Borrowers. The protocol is governed by the Maple Token (MPL), which enables token holders to participate in governance, share in fee revenues, and stake insurance to Liquidity Pools. Users can access fixed-income yield opportunities on Maple by depositing capital into Liquidity Pools. These Liquidity Pools are managed by experienced investors, known as Pool Delegates. Institutional Borrowers looking for transparent and efficient financing on-chain can request capital on Maple and leverage their reputations to borrow under-collateralized without constant fear of liquidation and margin calls. Pool Delegates conduct due diligence and agree terms with Borrowers before funding loans from their designated Liquidity Pool. Liquidity Providers earn a sustainable yield through diversified exposure to crypto's premium institutions and enjoy a set-and-forget solution as diligence is conducted by Pool Delegates.
PURCHASE OR TRADE ON Poloniex
submitted by roooit to newCRYPTOlistings [link] [comments]


2021.12.02 04:25 Ashimgh A resource to learn about Enterprise admin application

Hi, I am an android developer with about 2 years of experience. I am looking for a complete guide on how to develop, release an admin enterprise application. I could not find any good documentation on this.
Any resource on this?
submitted by Ashimgh to androiddev [link] [comments]


2021.12.02 04:25 Good-Plane-1020 Just Fair-launched!🚀 A Tidal Wave 🌊 of Profits to 🔱Aqua Shiba's investors! Join the Heroic Aqua Shiba on his heroic crusade to save the Crypto & Defi World! Join our Royal Atlantian Army as we embark on our campaign to become the #1 community in the cryptoverse! Lets do this Togeather!

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submitted by Good-Plane-1020 to CryptoMoonCoins [link] [comments]


2021.12.02 04:25 Fine-Possibility-494 Flukemarm is canonically a milf..... (why? Team cherry why?)

Flukemarm is canonically a milf..... (why? Team cherry why?) submitted by Fine-Possibility-494 to HollowKnightMemes [link] [comments]


2021.12.02 04:25 coliretop Japanese Top One Piece Characters Based on Like/Dislike Voting

https://i.imgur.com/YwePW7l.png
https://i.imgur.com/wOEaRVX.png

  1. Marco Likes: 64.23 % (650 votes); Dislikes: 35.77% (362 votes);
  2. Sanji Likes: 64.2 %(1182 votes) Dislikes: 35.8% (659 votes)
  3. Chopper Likes: 64.11 % (1892 votes) Dislikes: 35.89% (1059 votes)
  4. Zoro Likes: 62.84 % (1620 votes) Dislikes: 37.16% (958 votes)
  5. Jinbe Likes: 59.28 % (460 votes) Dislikes: 40.72% (316 votes)
  6. Nami Likes: 59.18 % (1260 votes) Dislikes: 40.82% (869 votes)
  7. Bon Clay Likes: 58.06 % (490 votes) Dislikes: 41.94% (354 votes)
  8. Sabo Likes: 57.4 % (768 votes) Dislikes: 42.6% (570 votes)
  9. Edward Newgate Likes: 56.88 % (335 votes) Dislikes: 43.12% (254 votes)
  10. Monkey · D · Luffy Likes: 56.8 % (1646 votes) Dislikes: 43.2% (1252 votes)
  11. Brook Likes: 56.46 % (380 votes) Dislikes: 43.54% (293 votes)
  12. Nico Robin Likes: 56.28 % (932 votes) Dislikes: 43.72% (724 votes)
  13. Trafalgar Law Likes: 55.38 % (520 votes) Dislikes: 44.62% (419 votes)
  14. Ace Likes: 55.11 % (792 votes) Dislikes: 44.89% (645 votes)
  15. Usopp Likes: 52.04 % (420 votes) Dislikes: 47.96% (387 votes)
submitted by coliretop to OnePiece [link] [comments]


2021.12.02 04:25 DroZD2918162432 Lobotomy Corporation, but it's in Other-Life universe

Lobotomy Corporation, but it's in Other-Life universe
https://preview.redd.it/5us5709rz2381.png?width=800&format=png&auto=webp&s=28691931f40a7b5e5a32d4f18fc531ad74b96a10
submitted by DroZD2918162432 to LobotomyCorp [link] [comments]


2021.12.02 04:25 Vincenz4594 Another class should be going in on December 20th. Not sure how man but was told at least 50 ppl

submitted by Vincenz4594 to DSNY [link] [comments]


2021.12.02 04:25 hugoBgood At least I, am able to post

Hi guys,
I don't know if this is the right place to post this, but I'm at my wits end.
I have an old gaming pc: i5 4460 CPU (stock cooler) 2x 8gb Samsung 1666mh dual channel ram Zotac Gtx 970 4gb GPU Gigabyte GA-h81m-d2v v2.1 (Bios version FC- up to i7 4790k) motherboard Samsung Evo 250gb boot drive Wd 1tb mechanical hard drive 500W 83+ bronze Zalman eco max PSU
It's old but gold. Blisteringly fast, boot, load ( partly i thinks because there is absolutely no bloat on it)
Now comes the issue.
Friend of mine was cleaning up his old office and came upon a i7 4790k buried away in a drawer. He told me he is fairly certain there was an issue with it, but i can have it to see if it works.
Elation! Have never been able to afford an i7 of anything, so am eager to give it a go.
Get home, swap the cpu's.... PC powers on, all fans spin, LED's come on...and then promptly shuts off. Powers on again...shuts off again...powers on again...shuts off again...by itself, like it's possessed,in an endless loop. Never able to post.
Go through all the trouble shooting steps: Reset Bios- battery and jumper Remove Ram one at a time Remove all peripherals Remove GPU Check CPU slot pins Remove mechanical drive
...by this time I am in the most barebone of configurations but the exact same power loop persists.
Was sure I must have knackered something by this point, so take the i7 seven out, put the i5 back in, along with all the components I had removed. Power on the system...5 second boot. Smooth as the day I built it.
What am I missing?? Why am i questioning my sanity?
Note: i have seen an almost exact configuration as mine (with the i7 and gtx970)being tested and at peak load was drawing 380watts from the wall so my power supply is more than sufficient.
Please help 🙏
submitted by hugoBgood to computers [link] [comments]


2021.12.02 04:25 ZombieOcelot Saw someone on here was in the top 4% so I figured I’d one up them.

Saw someone on here was in the top 4% so I figured I’d one up them. submitted by ZombieOcelot to ksi [link] [comments]


2021.12.02 04:25 plushgamR Im not hyper focused on my FNF AU you are

Anyways goodnight
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2021.12.02 04:25 jobsinanywhere Five Points from the Mississippi Abortion Proceedings Hearing of the US Supreme Court | Roe v. Wade Case

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2021.12.02 04:25 Julianm005 Are there any Android mining apps?

Are there any legit android mining apps?
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2021.12.02 04:25 Poguemahone3652 This big feller was growing right under the willow tree in my back yard! Is now in the pasta ai funghi currently being digested by me.

This big feller was growing right under the willow tree in my back yard! Is now in the pasta ai funghi currently being digested by me. submitted by Poguemahone3652 to mycology [link] [comments]


2021.12.02 04:25 lss_bvt_ios_05 LssTest-TextPost-83222

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2021.12.02 04:25 jankpod How is Cohnston Toadstool an exact physical mix of a fictional serial killer and a very real toadstool? Except 8,000 times more hideous?

How is Cohnston Toadstool an exact physical mix of a fictional serial killer and a very real toadstool? Except 8,000 times more hideous? submitted by jankpod to aliiandjohnjames [link] [comments]


2021.12.02 04:25 Heavy_Whereas6432 Spent about ten hours making this today lol hope you enjoy!

Spent about ten hours making this today lol hope you enjoy! submitted by Heavy_Whereas6432 to ForzaHorizon [link] [comments]


2021.12.02 04:25 T0Mahawk__97 NEED HELP: Name and Backstory Ideas - Warforged Rogue Barbarian

NEED HELP: Name and Backstory Ideas - Warforged Rogue Barbarian submitted by T0Mahawk__97 to DungeonsAndDragons [link] [comments]


2021.12.02 04:25 Miserable-Actuator88 Cuntbust

Cuntbust submitted by Miserable-Actuator88 to GirlsGettingLowBlows [link] [comments]


2021.12.02 04:25 redditor4931 Do not know where else this would go but they may be a different new track for f1 in Australia one more like Monaco.

Do not know where else this would go but they may be a different new track for f1 in Australia one more like Monaco. submitted by redditor4931 to F1Game [link] [comments]


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