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May 22, 2021 3:40 am
Hello, I am trying to plan my business structure to reduce liabilities, it would be helpful if you could explain, if it's possible to transfer existing business to a new opened holding co.
Thank you in advance.
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May 25, 2021 6:30 pm
Yes, you can transfer an existing business to a newly incorporated holding company on a tax-free basis by implementing a Section 85 rollover. I need more information about your business and it's existing set-up to answer your questions in more detail.