Replies to post #58655 on GRN Holding Corp (GRNF)

[DWillie]

He can't issue shares since the OS is maxed or nearly is. I don't believe GRNF is "buying" these companies since he already owns them, but just transferring ownership from GRN Funds to GRN Holding. I don't see any requirement for money or shares to be involved, just an agreement between parties. JC can sign for both sides.

Step 1
Create a Holding Company...

Step 2
Transfer all business assets into the holding corp. Transferring all business assets into the holding corp requires drafting an asset transfer agreement. Set forth all of the business assets and their value. Indicate that they are being transferred to the ownership of the holding corp. Have all members of holding corp and owners of the business assets sign the asset transfer agreement.