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-   -   Does my corporation have any resale value? (http://forums.pelicanparts.com/off-topic-discussions/411642-does-my-corporation-have-any-resale-value.html)

LeeH 05-27-2008 05:28 PM

Does my corporation have any resale value?
 
My business partner and I did an assett sale in Dec. of 1998. The (S) corporation has been kept a live to receive payments from the buyer. At the end of 2008 we'll be done with that. I've seen ads where companies are selling "aged" corporations. Does a 14 year old Georgia S corp have any value?

red-beard 05-27-2008 05:43 PM

How's your credit rating?

Hugh R 05-27-2008 05:58 PM

Why would it? Do you have any assets, business clients, accounts receivable? I think someone would just be buying the name and that's about it. The credit rating might be worth something as red said. Sell it for $1000, with a million line of credit, they plunder the line of credit and book to the Dominican Republic.

Don Plumley 05-27-2008 09:35 PM

Unless it has an NOL carryforward, no.

Most shell companies posted for sale are typically a) small cap public to be acquired through a reverse merger to enable the larger, profitable company to be immediately traded and hence have a market for its shares (liquidity) or b) have a large NOL; or c) both.


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