If you’re changing the ownership of your LLC or corporation, it’s not as simple as just handing over shares or membership interests. Here’s what to know before you make a move:
• Every ownership transfer is either a gift or a taxable transaction.
• Even family transfers can trigger IRS reporting requirements and depreciation resets.
• In many cases, an asset sale is better than a stock sale for tax reasons.
• If you’ve already transferred ownership, it may still be possible to unwind or correct it with the right guidance.
Before you do anything, schedule a one-hour consultation with a tax lawyer. It can save you thousands and prevent major IRS issues.
✅ Subscribe for weekly tax and wealth tips
📩 Join the free newsletter: https://markjkohler.com/youtube/?utm_source=mjk-YouTube&utm_medium=description&utm_campaign=shorts
source
