5 middle age employees are inheriting a small company, whose original owner passed away about 10 months ago.

The company is presently an S corp. They have the choice now about making it a C corporation, or have it remain as is.

They have a lawyer and an accountant, whom I assume are quite competent. And they are getting assistance and advice from the Service Corps of Retired Executives (SCORE).

I was asked a question or two about the advantages and disadvantages of each, and I replied that the decision was way out of my league.

But I said I would post something here, since there are some very sharp people here that work in this sort of thing. I imagine there are a lot of variables to consider for this sort of thing. But if anyone would like to offer an opinion, or advice, or what to watch out for, your comments would be greatly appreciated.

I'll be hanging out in Ashevill, NC area for a little while longer, then up to Queens..and who knows from there. I'm always happy to buy someone a drink.

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