Originally Posted by
Gm54-120
The only info i can still find lists 2 employees and about $120k in revenue. If they are no longer making anything then where is that revenue coming from? My guess is a royalty fee from S&W for the rights to the Redemption patents.
What you suggest might make perfect sense. Keep the company "alive" so that it receives income in the form of patent royalties. Nothing wrong with an employee of S&W also owning a company that is receiving $$ from them. I don't know tax rules for beans but there might be a benefit to this. The only snag I can see is whether keeping LHR afloat means they still have to honor Redemption warranties.
Wonder whether any Redemption owner attempted to contact LHR regarding their warranty?