can we transfer existing business to new holding company?

Question

1939 viewsMay 25, 2021

0

Sunny Singh (anonymous) Posted May 22, 2021

Hello, I am trying to plan my business structure to reduce liabilities, it would be helpful if you could explain, if it’s possible to transfer existing business to a new opened holding co.

Thank you in advance.

1 Answer

score 0 · Answer 1 · 2021-05-25T18:30:48+00:00

Yes, you can transfer an existing business to a newly incorporated holding company on a tax-free basis by implementing a Section 85 rollover. I need more information about your business and it’s existing set-up to answer your questions in more detail.

can we transfer existing business to new holding company?

1 Answer

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