Legal Question in Business Law in Illinois
How would I transfer ownership of my business to my son ?
Asked on 9/24/14, 7:30 pm
1 Answer from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Is it a corporation, LLC, sole proprietorship? Are there debts which will, or will not be transferred. Have you considered the tax ramifications? I would suggest that you contact a business law attorney and tax professional to get this done correctly.
Answered on 9/25/14, 10:49 am
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