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Forming Corporations

Does anyone know how to make a corporation (LLC or otherwise)?

I want to transfer my stock assets to a corporation, so that I can continue to invest and increase their value and gain the tax breaks that corporations get.

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Permalink Reply by Alex on June 27, 2009 at 11:51am: That's a good point Adrian. It could end up costing me more money than just keeping the assets as they are in my name. I definitely wouldn't do anything hastily, without figuring out exactly how much all the different options will cost and save in the long run.

Adrian said:
@ Alex - ... and, I just reread your question and noticed that you said: "I want to transfer my stock assets to a corporation" ...

... if this means that you already own the stock, you might find that you need to pay capital gains tax when you transfer it out of your personal name into your corporation's name; you should definitely talk to your accountant before moving on this.

Of course, it still may be a good idea to set up a corporation for FUTURE stock purchases (again, after seeking your accountant's advice), assuming that you intend to move into this 'big time'.is; ▶ Reply to This