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Wind-down tax planning, etc.

1 pointsby mapattackover 10 years ago
Certainly not thrilled to be asking, but I know others have come before me and more will come after... Looking for advice on shutting down a startup from a (mostly) tax perspective. It's a company that's been in business for 10+ years, has no outside investors, have sold off most assets and have a NOL to go against a last wave of revenues. After operations are wound down, I might want to keep cash in the business (c corp, incorporated in DE) if there are still losses. Obviously if I take cash out of the business I'll end up paying personal income tax, but looking for suggestions on anything else to keep an eye out for.

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