I want to take my sole proprietorship business and...

90.2K

Verified Solution

Question

Accounting

image
I want to take my sole proprietorship business and merge with two other separate sole proprietorships to form a new corporation with three owners. We are considering putting our fixed assets, cash and maybe some services in exchange for common stock. How would you advise us in this new venture

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students