this year, herb partnership generated $790,000 ordinary business income. herb has two equal partners: savory llc and sweet corp., an s corporation. savory llc has three members: mr. parsley, an individual who owns a 40 percent interest; mrs. rosemary, an individual who owns a 35 percent interest; and sage inc., a c corporation which owns a 25 percent interest. sweet corp. has 100 shares of outstanding stock, all of which are owned by ms. mint, an individual.
