Legal Question in Business Law in New York
Can a company issue stock to a nonprofit as a donation?
Asked on 10/21/15, 11:06 am
1 Answer from Attorneys
SHAHRIAR KASHANIAN
LAW OFFICES OF SHAHRIAR KASHANIAN, ESQ.,
If a public company; then the valuation is determined as of date and time of transfer based on market value for tax purposes. If a private company, the onus is on the company to prove value and price per share at the time of transfer; not an easy or cheap proposition.
Answered on 10/21/15, 11:18 am
Related Questions & Answers
-
Lets say i trademark "Star wars" 2 words and then i form an LLC as... Asked 10/16/15, 11:41 am in United States New York Business Law
-
I worked freelance at a company for three months. When I started, I was told there... Asked 10/10/15, 9:31 am in United States New York Business Law
-
I am an officer of a corporation. I am not a shareholder my social security number... Asked 10/05/15, 8:13 pm in United States New York Business Law
-
If you sue for trespassing, is it considered personal or subject matter... Asked 9/25/15, 7:41 am in United States New York Business Law
-
Mr. Spooked is convinced that his house is haunted by a ghost. Mr. Spooked filed... Asked 9/24/15, 1:55 pm in United States New York Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
