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Business & farm
It depends. According to this IRS publication, Schedule G does need to be filled out if "certain entities, individuals, and estates that own, directly, 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation's stock entitled to vote." As a rule, Common stockholders are usually given voting rights, with the number of votes directly related to the number of shares owned. These are usually listed in the bylaws of the Corporation and would depend on if these voting rights were given to the solo founder. It is not naturally assumed unless it is specifically addressed in the bylaws. If so, then Schedule G needs to be filled out.
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‎April 12, 2021
5:02 PM
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