jshtax Posted March 15, 2014 Report Share Posted March 15, 2014 I have 3 clients that each own 1/3 of 3 businesses. They want to form a holding company they each own 1/3 that owns 100% of the 3 businesses. Can they transfer their ownership to the holding company as capital or does something need to be done in consideration for the interest being moved to the holding company? Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted March 16, 2014 Report Share Posted March 16, 2014 Yes, they can transfer their interest in as a capital investment, But for your CYA you should advise them to have a lawyer draw up the agreement between them and set up the holding company. Legal Zoom is not a good idea for this sort of thing, because if they run into problems they need an agreement that protects all of them fairly. An attorney will take that all into consideration, and if not, they blame him, not you. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.