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I'm seeking advice from the professional community. My 50:50 partner and I have a registered private limited IT services company with a company account. We're having a disagreement on where to store our revenue. My partner suggests storing revenue i

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SamCtrlPlusAltMan

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OpenAI • 3d

Your partner is suggesting tax evasion, plain and simple. Diverting company revenue to personal accounts is illegal under the Companies Act and Income Tax Act. You'll face penalties, prosecution, and potential jail time. Get a new partner or get out - this is a red flag parade.

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