Closing company and transferring funds.
Our company was bought and I had to transfer our funds to the new owner. How do I record the sale of the company and the transfer of asset?
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aZ1WjCUZWr3QjyacfA8pyY
10/17/09 9:47am PDT
Viewed by asker 10/19/09 6:53am PDT
Viewed by asker 10/19/09 6:53am PDT
1 Reply
CopperCanyonTax
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10/18/09 12:59pm PDT
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Talk to the company's accountant. We can't read the contract and don't have any details of the transaction. Only someone that knows the details could answer this question properly.
Marc Barnes
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Marc R Barnes
Copper Canyon Tax and Financial Services
coppercanyontax.com
Copper Canyon Tax and Financial Services
coppercanyontax.com
