Home Forums Money matters New company how to transfer assets to it?

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  • #1230361
    ccastell88
    Participant
    • Total posts: 18

    Hi Guys,

    We created a new Limited Liability Company (LLC), to manage a portfolio of websites.

    I want to migrate the domain and the websites to it for tax and limited liability reasons, which were previously owned by me as a sole trader.

    What do i need to do? How does the government know what is owned by a company and in this regard non-physical assets.

    Thanks,
    Chris

    #1230441
    Edwin Clark
    Participant
    • Total posts: 6

    Business resources are organized and esteemed on the monetary record, which can be found in the organization’s yearly report. They are recorded at verifiable expense, instead of market esteem, and show up on the asset report as things of possession.

    #1230668
    StampaSolutions
    Participant
    • Total posts: 1

    The transfer process itself can take the form of a contract for transfer/purchase of business assets. In the case of money transfers, these can be done as a loan or by purchasing shares in the other company, or through dividend payments if shares in the transferor company are owned by the recipient company

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