Transfer Assets From LLC into C Corp
If you have a NJ LLC and want to open a Delaware Corp, is it best to open the new entity with the same name and transfer the intangible assets
Is It A Taxable Event To Move A Condo Into An LLC?
My client has a condo with a basis of $250,000 and an accumulated depreciation of $45,000 as of 2014. It was reported as a rental property on Schedule E of Form 1040. However, as of the beginning of 2015, the condo was placed into service as an asset owned by a multi-member LLC. The deed associated with the property was refiled. My questions are as follows: