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High Quality · 10-16-2002, 11:58 AM

For those of you who are interested my question is basically this:

If I form a C-corp (sole stock owner) and leave most of the profits in there (say $100,000) for say 2 years and then after 2 years it has $200,000 plus some assets (like paysite content, etc) and I then liquidate the company - all assets then go to the stockholders, i.e. myself. How, if any would I be taxed on this gain? Would it be capital gains tax, or would it be federal tax or would there be no tax at all?

Thanks

10-16-2002, 11:58 AM
High Quality Confirmed User Join Date: Feb 2002 Location: Vegas Posts: 5,741	For those of you who are interested my question is basically this: If I form a C-corp (sole stock owner) and leave most of the profits in there (say $100,000) for say 2 years and then after 2 years it has $200,000 plus some assets (like paysite content, etc) and I then liquidate the company - all assets then go to the stockholders, i.e. myself. How, if any would I be taxed on this gain? Would it be capital gains tax, or would it be federal tax or would there be no tax at all? Thanks __________________ RecurCash.com - Averaging $38/sale with 60% revshare in the first 4 months alone! Convert your TEEN traffic today @ better than 1:500 guaranteed. ICQ me: 18287590!