I have to question the tax division between a Corporation and a family or a person.
Of course tax law recognizes cash, assets. Families don't produce goods or services for exchange.
But is this a requirement by law?
Is there any law that requires an individual to produce a service or product for incorporation? One must describe intentions for incorporation. (LLC law is different,but I'm obviously not a corporate lawyer) http://www.quickcorps.com/index.html It varies from State to State.
Individuals and families do add enormous value to the collective economy.
In the past 100+ years or more we've allowed the corporation laws to assume more rights. I think it's time to merge the two.
“To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” ---Ralph Waldo Emerson
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