Posted by:
ificouldhietokolob
(
)
Date: January 04, 2018 09:45AM
praydude, there is only one shareholder. LDS corp. is a "corporation sole" -- one owner/shareholder. The one transfers from president to president.
And there's no tax burden -- it's a 501(c)(3) corporation. Tax exempt.
Nelson will be (if he isn't already) the sole shareholder/owner. Until he croaks. And the corp. will never pay a dime in taxes.
https://en.wikipedia.org/wiki/Corporation_soleEdited 1 time(s). Last edit at 01/04/2018 09:45AM by ificouldhietokolob.