I have a LLC with S Corp tax treatment. Last year my wife was 55% owner and I was 45%.
However during tax filing CPA mentioned me as President. CPA said it does not matter. On paper both of us are just "members"
We need to apply our company for Minority and women owned Company and minority owned.
My wife does has more share. So my question is - me designated as President - is it a hurdle for Women Owned certification?
If yes, what is the best way to correct it.
Appreciate your input!!
However during tax filing CPA mentioned me as President. CPA said it does not matter. On paper both of us are just "members"
We need to apply our company for Minority and women owned Company and minority owned.
My wife does has more share. So my question is - me designated as President - is it a hurdle for Women Owned certification?
If yes, what is the best way to correct it.
Appreciate your input!!
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