property sales: personally owned vs business owned property

property sales: personally owned vs business owned property

Member since 2022 · 7 posts · 1 vote

Property our company owns was transferred to the company years ago, shortly after purchase in personal name. We have our ein and business bank account already. What are any differences selling our company's property from selling the property to our company ? Before, as part of, or after closing what will be different. Is the process and documentation required the same if property is owned by a company or a person ? What is different ? Particularly interested in the closing process, but generally any differences would be interesting to hear.

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