Example ? Rather than converting Bob?s Plumbing, Inc. into a C Corp., Bob could keep it as an S Corp and create a separate C Corporation. This new C Corporation (we?ll call it Bob?s Plumbers, Inc.) could be hired by Bob?s Plumbing, Inc. for $50,000 per year to provide services. For instance Bob?s Plumbers, Inc. could pay the payroll to all employees of Bob?s Plumbing, Inc. and charge $50,000 per year more to Bob?s Plumbing, Inc. (than its costs) to hire out it?s plumbers to Bob?s Plumbing, Inc.


ASSET SPLITING

LIABILITY SPLITIN

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