Forming an Entity for Search and Acquisition?
Are most people doing acquisitions through an LLC formed for that purpose? Any good or bad practices around entities for the acquisition? Does that LLC become owner during asset purchase?
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by a searcher
from United States Military Academy
in Boston, MA, USA
in Boston, MA, USA
11mos ago
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by a professional
10mos ago
from New York University in New York, NY, USA
from New York University in New York, NY, USA
LLC gives the flexibility to take on investors and the like. If you're going at this solo with no investors, can still use an LLC and then convert it to an S corp.
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by a searcher
6mos ago
from Texas A&M University in Houston, TX, USA
from Texas A&M University in Houston, TX, USA
In my opinion, during the search it helps when presenting yourself to brokers, sellers, investors ... etc. In addition it helps you keep your search expenses separate from other professional or personal expenses and that can help with tax filings .. etc.
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