hush1234
Aug 6, 2013, 01:59 AM
Can you please advise whether:
When transferring assets from an unincorporated association to an incorporated association (its the same business incorporating itself), if I can transfer them for Nil consideration? Or do I have to include nominal consideration in the agreement? What are the rules surrounding this?
When transferring assets from an unincorporated association to an incorporated association (its the same business incorporating itself), if I can transfer them for Nil consideration? Or do I have to include nominal consideration in the agreement? What are the rules surrounding this?