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transferring ownership in business?
one business with gross of $ M. second cousin is stepping down as its too much profits on his paper. he can't take care of it. now he wants my niece to take it over. he do not trust anyone for now. he better gives ti someone who real can make it real. so what will be taxes.. counted.
2 Answers
- JohnLv 61 year ago
I bought one share of EAC which made me a one third owner. My first duty was fire the last President and no he did not get a golden parachute but just plain fired. My second duty was change Electronics Automation Corporation from a type S to a type C corporation. I hired a CPA to do the paperwork including taxes.Not bad for this old country boy with only a 12th grade education and 2.79 GPA.
