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    1 Reply Latest reply on Nov 4, 2008 10:34 AM by Lighthouse24

    Looking for advice on selling a corporation

    alicia32 Wayfarer
      I don't know if I should sell our corp or just dissolve it. My husband incorporated in 2002. It is a home based photography and videography business that was supposed to expand from just the two of us. We were chugging along slowly, but surely. Last year we made a decent amount of money and I thought we were on our way.

      This year my videographer (husband) quit and the business kind of plummeted. My husband thinks we should dissolve it. Unfortunately for me, my name is on all the credit cards as a guarantor. My argument is that we could sell it for the great credit record it holds and pay off any outstanding debt. I'd like to start over without a corp. I just don't have a clue as to how to go about it.

      I don't want to go to a broker if it's not worth it. I don't want to claim bankruptcy. Can anyone help? Is this possible?