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Can I carry over prior personal Revenue or Sales to a new company I'll buy?
I want my income to be taxed as corporate income and not personal. There is a ready-corp which was incorporated on Jan 3, 2006. Today is June 8th, 2006. Can I carry over or move the accounting books of all sales activities I made starting Jan 2006 to this company? I don't have business entity yet. Are there any complications?
1 Answer
- extremenerdLv 72 decades agoFavorite Answer
I am not certain on this one (you may want to check with your accountant and/or legal advisor), but if you are try to migrate the sales from one company to another, you may have to sell the old firm to the new one.
Hope this helps!
