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Msg  106535 of 108400  at  8/18/2019 5:03:48 PM  by

rlp2451

The following message was updated on 8/18/2019 5:39:32 PM.

 In response to msg 106533 by  rdking647
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Re: Hinds Howard This Week

He actually only owns 41MM units directly. The rest are in partnerships and trusts that are so convoluted it would take a Philly lawyer to figure out the tax ramifications for Mr. Warren (if any.)

The 41 MM units are worth roughly half a billion dollars. A conversion to a C-Corp. would cost $100MM (20%), which would be a little over two years' worth of distributions.

(The same two years would apply to all units if you don't think the trusts are protected.)

On a net worth of $4B, $100M would hardly be missed, especially knowing he'd be getting it all back in a couple years.


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Msg # Subject Author Recs Date Posted
106567 Re: Hinds Howard This Week alburk 0 8/19/2019 11:53:44 AM


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