Hi Matt and Mark,
For the past 2 or so years I have been a W2 employee. The company was changed to a partnership and so I now have 2% ownership. For 2022, I relieved a w2 as well as quarterly partnership distributions. But now in 2023, I am only receiving partnership distributions. Guaranteed distributions biweekly and profits every quarter. My question is - can I set up my own Scorp as the entity to receive all distributions from the partnership? ( the partnership is an LLC) —- Thanks!