Merger of two Sec-registered entities and has the same owner
1 Merger of two Sec-registered entities and has the same owner on Tue Mar 10, 2015 4:45 pm
2 Re: Merger of two Sec-registered entities and has the same owner on Tue Mar 17, 2015 12:09 am
Anyway - IFwanting to "merge" the businesses, and IF you don't get problem with business name for the SECONDARY business - I don't know all Phil lawa, but I believe this is the easiest solution, so it can be worth checking:
1. Your MAIN business BUY the assets in the SECONDARY business. If the secondary have acounting with a ballance sheet telling the BOOK value, then I suppouse it's best to buy it for that amount, so the result of that transfer is 0.
2. LIKVIDATE the secondary business everywhere including BIR so they stop demanding tax for it (after the running year).
(Probably NOT possible, but much easier IF it fullfill the demands.
1. You said they are small. Are they less than 100 000 p EACH per year?
2. IF so, it can be worth checking it they can be seen as two MIE CONSULTING businesses.
IF they can, it's some simpler with tax documents and (rather much) less concerning fees. )
Permissions in this forum:
You cannot reply to topics in this forum