Selling a Corp with the land it owns
Project ID:
466148
Project Type:
Fixed
Budget:
$250-$750 USD
Project Description:
I was looking for verbage on how to include the Corporation with the land it owns as part of the sale.
Skills required:
Legal
Public Clarification Board
2 messages
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I would be happy to assist you with this project. As an experienced attorney and award-winning Certified Public Accountant, I have the skills to quickly and easily meet your needs on this project. However, as you have set this up as a trial project, only inexperienced GAF members with no feedback
may bid. If you were to convert or cancel the project and repost with a $5-refundable project, I would happily bid on your project. With best regards,
SeraphimArts
over 2 years ago
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hi
needed some clarification on this. When you sell a corporation you do not sell the corporation as such. Rather, you sell the shares of the corporation. Therefore such transactions are usually called stock purchase agreements. The corporation holds the land, not the shareholder. Therefore, when
you transfer the shares, the land will still belong to the corporation and not in any individual. secondly, there can be a clause in the agreement that the Corporation has good and merchantable title to all of its properties and assets.
Is the above description your issue? If not, please
clarify your question.
over 2 years ago