Legal Question in Business Law in California
I am the sole owner of a s-corp in California that made a $1000 investment in real estate. If I decide to dissolve the s-corp, what happens to the $1000 investment?
Asked on 3/06/12, 10:28 am
1 Answer from Attorneys
When a corporation is dissolved its assets have to be distributed to the shareholder(s). You don't say how this investment is held, whether as a note, a share in a company that owns the real estate, a fractional share of title to the real estate itself, or what. So there is no way to tell you how you would transfer that ownership from the corporation to you as sole shareholder, but that is what would be done.
Answered on 3/06/12, 11:09 am
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