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Student of the obvious
Join Date: May 2000
Location: Phoenix
Posts: 7,714
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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?
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Lee |
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05-27-2008, 05:28 PM
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canna change law physics
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How's your credit rating?
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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05-27-2008, 05:43 PM
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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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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.
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Hugh |
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05-27-2008, 05:58 PM
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Moderator
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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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Don Plumley M235i memories: 87 911, 96 993, 13 Cayenne |
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05-27-2008, 09:35 PM
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1970/1982 Porsche 914-6/911SC 2.7 RS
1987 Porsche Carrera 3.2 
