Monday, May 10, 2021 4:19:02 PM
His lawyuh kidd bruvfah ought to have advised PATRICK and his mom.
If the check was payable to the corporation and cashed by the corporation account, and mom received adequately valued consideration in shares, a debenture, or warrants, that wood be an investment.
CONsulting has nothing to do with it. CONsultants get paid by the corporation for services, they dont pay to BE CONsultants. And the munny must transfer between the corporation account and Mom directly. Nott via PATRICK or his personal account.
Giving munny to PATRICK is a gift, and is taxable as such.
His lawyuh bruvfah who wont take his case ought to know that fact.
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