# Family Management Company

**URL:** <https://discussion.mainstreetbusinesspodcast.com/t/family-management-company/326>\
**Category:** Tax Strategies\
**Created:** [August 5, 2023, 5:09pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/family-management-company/326 "2023-08-05T17:09:28Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![eFunder](https://sea2.discourse-cdn.com/flex046/user_avatar/discussion.mainstreetbusinesspodcast.com/efunder/32/17_2.png) [@eFunder](https://discussion.mainstreetbusinesspodcast.com/u/eFunder)\
**Post date:** [August 5, 2023, 5:09pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/family-management-company/326/1 "2023-08-05T17:09:28Z")

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Hi Mark & Mat,

In my Family Management Company, my son is 14 years old, turning 15, but my daughter is 17 turning 18 this year (October 31, 2023). Can I still pay her from the Family Management Company this year and qualify for the full tax deduction?

Or, will I need to transition her out of the family management company into my S-Corp when she hits 18 or can it be done after she graduates high school and starts college next year?

Best,

Terence