When I went to college in the dark ages (early 1960's) the business law text said that (paraphrased) corporations were artificial beings created by state law and their "rights" were only those rights specifically granted to them by the states.
Things have sure changed - and not for the best imho
Did the new tax law do away with the step up in basis on death? On the old tax law a gift is valued at the donor's cost basis, but at market value if passed on at death (inherited)
I'm trying to convince swmbo (she who must be obeyed) to let me buy a Ferrari as an investment. She says I should keep my 2002 Toyota Tundra and quit dreaming. ;D :)
No easy answer, but remember that when he passes you will get a step up in basis. How is his health? Many factors should be considered. Watch out for unintended consequences.
I pay for it every year. When I first started my Keough (proprietorship profit sharing plan) I had enough to buy 10 shares at somewhere around 600 per share. I let the broker talk me out of it. I pay each year and no longer listen to brokers. I finally started listening to myself at 19,000.
Here are rates for quite a few years. what effect did they have on economy (about a year later)?
https://taxfoundation.org/federal-corporate-income-tax-rates-income-years-1909-2012/
About 1965 or 66 when I got out of college. Started seriously in 1971 or 1972. The first stock in 65 or 66 was Solitron Devices, luckily only a few shares as they tanked a few months later.
I believe that when Lincoln was going to make him in charge, one of his cabinet said to the effect, "But he is a heavy drinker"
Lincoln said, "Find out what brand he drinks and send some to the rest of my generals"
Please check out the "prohibited transactions". You might be OK, but get a Pension expert's opinion as it might be "self dealing".
It's way out of my pay grade.