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by bloudermilk 1066 days ago
Guessing you're a member of an LLC or shareholder of an S-Corp with pass-through taxation. Can't agree more what a pain it is to wait on your old partners to do their taxes every year before you can do your own.

If you're just holding shares/options in a corporation that isn't going through ownership changes, that problem doesn't exist.

That said, there are still valid reasons to cut ties with past partners/employers.

1 comments

I feel for the original commenter. My cofounders and I traded the hassle of personal tax involvement for double taxation with my C-corp, and it was truly one of the best business decisions we have ever made.