You have to sell the house to the corporation or have the corporation acquire it through other legal means. Traditionally people would transfer property for a dollar. Nowadays it is more of a minefield. A good tax law specialist in your area should be able to help you navigate the process.
You have to sell the house to the corporation or have the corporation acquire it through other legal means. Traditionally people would transfer property for a dollar. Nowadays it is more of a minefield. A good tax law specialist in your area should be able to help you navigate the process.
You'll have to pay the bank off when you sell the house to the corporation.
You'll have to pay the bank off when you sell the house to the corporation.
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