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Whoa there, do NOT create a separate class of stock in an S corp, you'll lose your S election.
In an S you can issue new stock or sell/gift existing. You can't allocate p/l however AND distributions (draws) have to be proportionate to ownership %. Not a good vehicle for the profit sharing thing.
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Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
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