What does CNP and CWP class of stock mean when a professional corporation files paperwork with the state?

Asked about 2 years ago - Springfield, MA

Husband lied that his dental partnership was a S-corporation, but when I brought latest tax return to my new accountant, I was told it is a C-corporation. There is mutiple real property, stock investments, foreign accounts, and irrevocable trust that husband forced me to sign a Will to, with no copy provided. Am I at risk of diversion of assets?

Attorney answers (2)

  1. John L Koenig

    Contributor Level 9


    Lawyers agree

    Best Answer
    chosen by asker

    Answered . CNP = Common No Par; CWP = Common With Par. Nothing you have written about that by itself indicates diversion of assets. If the dental business were an S-corp you would have seen that on your personal tax returns. You will need to investigate further.

  2. Linscott Roberts Hanson

    Contributor Level 13


    Lawyer agrees

    Answered . Why don't you take every sinlge piece of paper regarding this to an attorney in your State familiar with business and also marital law, and get some answers based on the real facts. You haven't provided enough facts to give you much of anything. Act promptly.

    Answering your question on AVVO, does not create a lawyer-client relationship between us. Under the rules of the... more

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