I am the sole shareholder of an S Corporation in NJ that I want to vend, do I own to dissolve first?

I would similar to to get rid of 100% of the stocks to a buyer. He be told by someone that I would have need of to dissolve the business first beforehand he could buy it, but I enjoy never hear that beforehand. Am I properly required to dissolve an S Corporation that I am the sole shareholder of previously I can put on the market it?

Answers:
No you don't. He is getting doomed to failure proposal. An S corporation can be sold similar to any corporation, pursuant to a stock purchase agreement. Or he can buy substantially all of the assets from the S corporation.

Maybe the buyer desires a step up surrounded by argument when he buys the company and is worried something like not self competent to do that within a stock mart, but after he should consider a 338 see.

If you don't know this guy and its a not insignificant amount of money, do yourselves both a favor and get hold of lawyer and at least possible one levy accountant to generate sure you are doing it right.

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