I read White Coat Investor's article about passive income, and I'm intrigued. I've an idea and I want to know your input.
My dad owns an entire auto shop. His employee is interested in taking over his auto shop when my dad retires. How do I establish a corporation that when my dad retires, he and I receive a monthly income from the auto shop?
If my question is posted in the wrong forum, please let me know. Thank you.
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