I have already purchased inventory located in China.I would now like to now open a corporation in the U.S. to sell that inventory for profit.What are my options in terms of transferring/selling the inventory to the corporation, so that the corporation can expense it come tax time?

Dont forget to include holding costs, realator fees and transfer taxes.

Both have fees based on your balance, transfers, etc,.Did you know most lenders only offer unsecured loans to that account.  

It seems totally ridiculous someone writing a piece of paper, balancing a check book, and someone else scanning this piece of paper to perform a simple money transfer, in the year 2017, 30+ years after the advent of the internet!

As an alternative, would it be legal to require your tenants to pay via ACH bank transfer every month with a substantial penalty if the have insufficient funds?

It was owned by a woman who rented the units to family members and never collected a security deposit, so there is technically not a deposit that will be transferred to me as the new owner.

Hi Phillip, ....just a couple quick thoughts on this:  a. on real property, that agreement (assuming it is not labeled a lease-purchaser) would be called a land contract (or contract for deed) and the case would likely be strong that the Buyer would be responsible for repairs; however, with personal property as a mobile home, this type of agreement would likely be treated as an installment purchase...but technically renting until the purchase is complete and title transferred.; and b. when cases are presented in municipal courts regarding rents, defaults, landlord neglect, the landlord-tenant laws and courts would favor the tenant and hold the landlord responsible for Repairs (particularly as it concerns keeping the unit "tenable"). 

At the phoney posted rated of 4.64% the banks would get about 70 cents of every dollar of your mortgage payment with 30 cents going to the principal.If actual mortgage rates do go up to 4.65% which is what the Government and banks seem to be setting us up for, it would be a transfer of wealth from Canadians to banks.

Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRAL LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

@Michael Le We indeed see that the $50K limit of money transfer per year for Chinese is indeed being enforced much more strict since January this year.