This sounds good if both partners are young professionals with roughly the same earning potential, but what about breadwinner + housewife/househusband situations? Why would the breadwinner want to contribute assets to the M-corp? I imagine the negotiations for forming the M-corp would be pretty awkward.
Not any more awkward than what we have today. The would-be housewife just demands the CFO position on such and such terms by end of year, or she's out.
