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George4Tacks - There was no buyer. it was a separation and assignment of membership interest agreement. The recitals of the agreement are:1. Assignment. Assigno...
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The agreement calls for a transfer of membership interest in exchange for a 5K distribution. The original partnership agreement has a provision that each member...
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Thanks for the reply. In short, this transaction isa deemed sale of a proportionate share of the partnership's assets. The customer list is not a balance sheet ...
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Thank you, so if this is strictly an equity transaction, which it pretty much is, there is an exchange of a small cash payment and customer list, do you know if...
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Member C transfered membership interest to LLC that results in LT capital loss for Member C. I am showing the loss as a Sch K asset disposition (Screen 19)- whi...
