Legal Question in Business Law in Oregon
I am the sole owner of an S corp. I would like to dissolve the corp. but as a general contractor I lent money to the corp. to build a spec house. The house has not sold and it is now being used as a vacation rental. All funds going in and out of this home are run through the corp. What is involved in the dissolution of this company? I plan to become a sole proprietor.
Asked on 10/18/13, 11:28 am
1 Answer from Attorneys
Daniel Meek
Daniel W. Meek
Have the S Corp transfer ownership of the house to you, in repayment of the loan.
You can dissolve the S Corp with a simple form at http://www.filinginoregon.com/pages/forms/business/dbc.html
Answered on 10/18/13, 11:44 am
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