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Investors & landlords
I believe there are jurisdictions (states) that allow "non-stock corporations" BUT I also believe there are only a handful, if not just a very few.
Regardless, this type of corporation is NOT generally allowed to distribute income to its shareholders (owners) because they have none. As a result, the only form of income that can be received is reasonable compensation for services performed by, for example, a board member, or other employee of the corporation.
You really do need to consult with local tax and/or legal counsel.
‎April 15, 2025
7:47 AM