I'm not sure we have sufficient facts to provide guidance:
- You are asking this question from TT Deluxe, but then appear to be asking a question about a C corporation using TT Business. Please clarify.
- Additionally, based on the limited facts, I don't agree with @MinhT1 . The 3 ownership percentages you provided do not total 100%, so I can't agree that there are only 3 shareholder's.
- Not sure what you are referring to when you say "the remainder of the shares are in an equity pool".
- Who provided you with guidance when setting up the C corporation?
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
