Legal Question in Business Law in Iowa
I want to transfer assets from an LLC to its parent company. 100% common ownership and control. What is the process?
1 Answer from Attorneys
It may depend on the type and nature of assets, but usually you will create an asset purchase agreement between the two entities. This will often include a license back.
If you need clarification or help, I suggest that you consult with a lawyer in private and discuss your objectives in more detail. You can start by calling around to several for a free phone consultation, get some insights then pick the best fit to work with.
If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.
Our firm is now referred by the American Bar Association (see under the New York section): http://www.americanbar.org/groups/delivery_legal_services/resources/programs_to_help_those_with_moderate_income.html
Kind regards,
Frank
www.LanternLegal.com
866-871-8655
DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.
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