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Old 07-24-2007, 04:31 AM
Costa Financial Costa Financial is offline
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Join Date: Jul 2007
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Yes, as long as ownership stays the same. ABC corp sells, ABC corp needs to purchase. Dissolving entities or changing ownership before selling or after purchasing should be looked at by a tax adviser. A single member llc is considered a "disregarded entity" by the IRS and is the exception. John Smith single member llc can sell and John Smith the individual can purchase.

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