Legal Question in Business Law in Virginia

As a franchise attorney I can say my understanding is you are not normally *required* to distribute any net income to the shareholders, but there are exceptions. If you were in a situation that require distributions, you would already be spending lots of quality time with your CPA and they would advise you accordingly. This is a technical question that requires analysis of all facts and circumstances. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Attorney

Franchise Foundations APC