S-B Powerball Pool

[JohnR]

Originally Posted by piemma

I'm in and headed out to get 5 tickets. Just a note, we need to get one of our resident lawyers involved should we win. We will need to make sure we address the tax implications, the property titles and , most importantly, indemnifications.
John, you may need to set up an S corp or some other entity.

One other thing: What happens if we win a lesser prize? I vote the same rules apply. 15% to S-b and the rest get split. Even if we won $1M, it's a big chunk of dough

Good question - if we do anything over 10K we work the split? Below 10K everyone keeps there tix?