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So you wouod need to do a tax return for the company and the trust that owns shares in the company? Is that correct?

Thats true. Its like payroll tax, people try and get around it by employing people in a few companies to avoid it but they get grouped togeter, state taxes @#%&*. What do you think Terry? Also, if I wanted to do this setup could you just use a company at first with me as the director and then...