Rather than to sell off properties individually, has anyone sold their corporations to another investor with the entire portfolio? Is that a good way to get into real estate as an investor? Or maybe to move up the property ladder with buying one?
Has any used a corporation to do a joint venture deal and then wind down the corporation or save it to do the next jv deal? Does the accountant take care of all of the details with winding down a corporation? What are the extra costs to do that?
If you have a corporation that is used to flip houses, and you sell your shares, would the shares not be capital gains even though the intent was to flip the houses inside the corporation? Maybe a way to flip houses, by flipping corporations???
What does one do to sell a corporation? Basically, the accountant takes care of the transfer of directors and the sale? Would you involve a lawyer on this transaction?
Has any used a corporation to do a joint venture deal and then wind down the corporation or save it to do the next jv deal? Does the accountant take care of all of the details with winding down a corporation? What are the extra costs to do that?
If you have a corporation that is used to flip houses, and you sell your shares, would the shares not be capital gains even though the intent was to flip the houses inside the corporation? Maybe a way to flip houses, by flipping corporations???
What does one do to sell a corporation? Basically, the accountant takes care of the transfer of directors and the sale? Would you involve a lawyer on this transaction?