Dissolving and Avoiding Double Taxation
by amsimpleminded, Window Shopper
- Created: April 11, 2014, 2:17 pm
Hello, I unwisely created a C-Corp at the beginning of 2013 in order to seek funding, which never panned out. I am now in the process of selling our one main asset and am realizing that it is probable that we will get double taxed on this. Is there any way to liquidate or dissolve without having to go through double taxation, which would almost certainly nullify whatever effort and time we have put into our company? The sale will occur in two weeks, and I am not sure if that will have any bearing on the above question or not.
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