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It would be used for steemit events and what ever else we decided on. Expenses will be paid by the corporation. I guess I better figure out how much the taxes will be lol. Thanks for the input!

What if after buying the island and starting the corporation , turn it into a vacation spot so the corporation can make some income off of it. Then everyone involved could make a profit on it. Does not make much since to buy a 1.5 million dollar island just for steem events.