APMCOY
Mar 3, 2008, 06:58 PM
Our small corporation accepted an offer for another corporation to buy 50% of our company.
This would be through purchase of 50% of stock
Question is
Does outstanding accounts receivables and accounts payable have to be brought up to date of close on sale. Since 100% owned then?
Or does everything simply continue as normal?
Please reply
Joe
This would be through purchase of 50% of stock
Question is
Does outstanding accounts receivables and accounts payable have to be brought up to date of close on sale. Since 100% owned then?
Or does everything simply continue as normal?
Please reply
Joe