Is it possible to change ownership of a NYS S-corp to another entity based out of DE?
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Is it possible to change ownership of a NYS S-corp to another entity based out of DE?
Also, how would NYS corp will operate under the ownership of DE entity?
Asked on October 30, 2013 under Business Law, New York
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
One way to do what you wish to do is to create a Delaware corporation which buys the New York corporation's assets through written documentation. Once done, the New Yprk corporation is dissolved and all assets of it belongs to the Delaware corporation.
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