Date | 2017.02.09 |
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Class | Office |
Office Sub-Category | Legal |
Task | Phone call with Matt Ordower. Recommends talking with accountant. Describes benefit of HoldCo. owning architecture firm as being able to move money up from firm to holdco as a normal course of financial planning to protect money in the event that the architecture firm is sued - this is called creditor proofing. If I were to move funds after a claim put against architecture firm that would be called "Fraudulent Conveyance". Concerned that if the HoldCo owns the architecture firm then I may not be able to use lifetime capital gains exemption should I sell the architecture firm. |
Hours | 0.5 |