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Liquidated assets that remain after creditors have been satisfied must typically be distributed to shareholders of record on a per share basis.S corporations are required by the federal tax code to have only one class of stock, so all shareholders have equal rights to distributions from the remainder.Residential Liquidation specializes in helping Baby Boomers, Seniors downsize and transition into a simpler life style.Over the last few years we have helped many Seniors adjust to major life events. Estate sales & buyouts are often the best option for a client that needs to liquidate an estate quickly, needs to raise cash immediately, or has only a brief amount of time to empty a house.If he doesn't have cash, you can distribute the receivable to him - same treatment in his individual return, but I prefer the first option for a better trail.
Most states also require dissolved corporations to set aside enough money to pay any potential debts that are still in dispute at the time the business closes in case the resolution of the matter isn't in the company's favor.
Residential Liquidation helps clients who are in need of an estate sale or buyout by purchasing the entire contents of a property for one fair, negotiated price.
Dissolving an S corporation and liquidating its assets is more complicated than it may seem at first.
Our Buy Out option guarantees our client a fair price, immediate payment, and piece of mind.
We currently serve Arizona, California, Las Vegas and Utah. We have helped several families and businesses in distressed situations associated with aging, the death of a loved one, or perhaps an illness overcome financial barriers by paying cash on the spot.