Well, it is a tax law question, to be sure, so I am very comfortable with this situation, I just need to know more of the facts.
Tell be about the nature of the business: what is sold, how is it sold, who are your customers, roughly what is your gross income, and what employees do you have that manage the business, etc. How long have you been in business, what other jobs does the "managing partner" have, etc. More facts are better than less.
