When “selling” property to a newly formed business do I need to pay sales tax?
Sunday, July 17th, 2011 at
4:00 pm
I currently operate as a sole proprietorship in the state of Minnesota. I’m filing with the state to become an LLC. Do I need to pay sales tax on the property that I sell from myself (sole proprietorship) to the LLC?
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Tagged with: business • formed • need • newly • property • Sales • selling
Filed under: House Sale
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You are not selling, you are transfering.