How to move funds from one corp to another corp?
I am a sole shareholder of a C corp. The C corp will no longer do business at the end of 2008. It have a chunk of money on it's balance sheet from returns over the years. I am starting a new C corp. What is the best means of access to get funds out of OldCo and into NewCo? I am the sole shareholder of both corps.Answers: Moving the funds is smooth, the legal ramification are more complicated. Old corporation can give a check to New, but what is it for? Is it a loan or is it an investment? If the former, it have to be repaid with interest; if the latter, Old corpo will become a shareholder of New Corp. Or is it a verbs on your behalf, in which travel case it is a dividend to you from Old Corp which you give to New Corp, any as a loan or in exchange for stock. The dividend is income if it is a distribution of retained returns. But if you are distributing paid surrounded by capital, it is a liquidate dividend with different levy implications.
One would hold to see the balance sheet of Old Corp to determine what can or should appear.
See an Accountant or Attorney. What you are asking is not a simple issue and the ramifications could propose a huge tax bill. Spend a few hundred dollar out of that "chunk of change" and carry some good competent info base on someone viewing your information.
I want to find into business selling mail list?
I want to start a business selling mailing list but I know nothing roughly speaking it at all. I hold no idea how to set it up or even who to contact. Can someone please head me in the right direction.Answers: You required to be hated?
i know why would you WANT to do that?
that's similar to.eeeeeeeuuuuuuuu
Well I don't know where you get the idea that this will be lucrative.
the mail list business is drenched. ...and ultimately, most lists come from a handfull of innovative sources.
The competition is so stiff that prices are very low.not really much profit outside edge left.
Now...rule small to medium business how to takeover and cultivate their own customer database...THAT can be a lucrative business. .With digital variable information technologies becoming the largest (being able to produce importantly customized mail peices, base on detailed data)...teaching citizens how to create marketable data, as a company asset is going to be a big niche skill to enjoy.
right now companies who are using cleverly crafted direct correspondence using variable information are experiencing significantly higher response rates, and doing so, consistently.
It have always be a known certainty that personalized mail is superior to essential mail..presently technology is is making it possible for insanely personalized mail.
BUT...it adjectives starts with how very well a company collects data something like their customer.
smart companies not only hold on to track of what a customer buys and when...they take the time to communicate beside them, learn what they approaching, etc.
Small Business : Do i own to register my entitle?
I am wanting to start a home operated business. I hold no employees and live contained by a VERY small town. I want to use the name of the county and after "budget photography" at the end. I am not worried roughly someone taking my name. Do i still own to register the name? Also, will i hold to have a small business license? Some sites speak yes, some say no. I know i own to get a number for taxes that i am told will be matching as my ss#, but i didn't know if this means that my business is registered, or basically that i have a number to database taxes. I guess an easier question would be what things do i HAVE to do to start a home base business? I know these things will be different state to state, so newly general info. please include any fees if certain. Thanks!Answers: Call your state licensing agency and ask them if you obligation a business license to operate in your state.
Get yourself one great big E&O insurance policy for when you mess up some couples honeymoon pics, just an example, and you run out up in court near a judgment against you.
If folks come into your home surrounded by connection beside the business you need a liability policy within case someone is injured. If you run a business your homeowner's policy may not cover it.
Good luck and lately call the state office to find out a definitive for YOUR state.
Like you said it depends on your state. But, it's good to register your business so that not a soul else can use your name. I am pretty sure you enjoy your tax ego number. But, you can also do what I did look into getting a Dun&Bradstreet number. With this you can create a business profile and never have to use your social to dig up any types of financing for your business. Also look into becoming an LLC or an S-corp this eliminates the problem of have your personal assets looked at if your business goes bust or you default on a loan if any. Contact me if you requirement anymore info and I'll try to provide as much info for you as I can even if you are not in my state. Good luck on your business, and hope to hear from you.