Monday, August 20, 2018 9:40:22 AM
Pass-Through Entity. What it is: A pass-through entity is a special business structure that is used to reduce the effects of double taxation. Pass-through entities don't pay income taxes at the corporate level. Instead, corporate income is allocated among the owners, and income taxes are only levied at the individual owners' level.
There is no other interpretation of "Converting to Cash"...this could never mean "Converting to Shares". That statement simply does not support your view.
FACTS...NOT EMPTY RHETORIC!!!
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