Re: First Bank of the Palm Beaches

ok

--- DKIESQ@aol.com wrote:

George confirms that WCTII as a grantor trust can be
a shareholder of S Corp.

George points out however that based upon certain
provisions in the offering
memo, we are likely to be subject to close scrutiny
using a grantor trust.
They may want to see a copy of the Trust Agreement
in the entirety, they may
be worried about amendments to the trust and require
notice of amendment and
an opinion of counsel that the trust can be a
stockholder of an S
corporation.. I will call Jerry Goldsmith to ask if
there are additional questions and
requirements relating to trust shareholders.

In the meantime, will it be ok for me to deliver a
complete copy of the
trust agreement to the Company with the subscription
agreement?

Please advise.

Darren

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