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re: Question about owning a business...

Posted on 12/26/14 at 7:13 pm to
Posted by freeagent
Member since Oct 2014
910 posts
Posted on 12/26/14 at 7:13 pm to
quote:

Spoiler alert: you're going to inherit all of his debt and irs problems. Form your on LLC or INC or whatever suits you the best for the business to transfer to.


This for sure. Start your own LLC when you take over the business operations.
Posted by boosiebadazz
Member since Feb 2008
80548 posts
Posted on 12/26/14 at 7:14 pm to
Oh, and just transfer all the good assets to the new LLC and keep all the old bad debt in the old LLC?

What a genius idea
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