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Updated about 8 hours ago on . Most recent reply
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Division of assets
I was wondering if anyone had advice on how to divide assets among investors without having to sell the properties and pay taxes. Currently a corporation owns a portfolio of properties and the investors are looking to dissolve the corporation and divide the assets amongst each other based on share value. My current line of thinking: Is it possible to just "transfer" the properties to LLCs owned by the individual investors and not consider it a sale?
Any advice on how to split the assets would be greatly appreciated!
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I looked into this prior and there was no way if you are dissolving and changing tittle to the assets - what is your cpa saying ?
- Chris Seveney
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