Tax and Accounting
Would it be possible to convert an individual corporate entity to a Corporate company and what would be the relevant considerations?
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|It is possible to establish an individual corporate entity first and convert it to a company afterwards. Such conversion can take a form of the individual transferring his/her interest to the company and the individual making a contribution in kind.|
|It is also possible to close the individual corporate entity and establish a new company; however, if continuity of business is required, the abovementioned methods of transfer or contribution in kind could be used.|