Thank you very much for such a detailed response this gives me a fantastic base of understanding from which to discuss with an attorney. I really appreciate your help.
Thank you, the other company is a foreign corporation and I am looking for cash out (not shares of the other company). It is a small medical consulting and manufacture business with a unique line of business. Assets are mostly Intellectual Property and a Trademark.
Hello,
I own a small Sole Proprietorship. Another company wishes to purchase 40% of my business but wants it to be changed to a C-corporation. Which is the correct way to do this? Does this other company purchase 40% of my sole proprietorship from me and then the new C-corporation is set up with...