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Mr_Creepy · September 5th, 2004, 10:36

That is correct - but in doing so they bought the corporation. All the "corporation" consists of is a corporate records book, the FEIN and the registered name.

I've been selling and buying corporations lately and I am learning a lot.

In most cases it is easier to buy the stock and keep the name rather than close the one corp, open another and transfer the name.

For one thing you need a new FEIN and your Unemployment Insurance rates go back up to maximum.

I am trying to verify the PanAm sale - I got this info second hand. I am looking for a gov website that lists the old FEIN so I can see if it is the same as the current.

September 5th, 2004, 10:36	#9
Mr_Creepy Old Skool Join Date: May 2003 Location: In the O-zone Posts: 5,807	Re: Union suing Pan Am That is correct - but in doing so they bought the corporation. All the "corporation" consists of is a corporate records book, the FEIN and the registered name. I've been selling and buying corporations lately and I am learning a lot. In most cases it is easier to buy the stock and keep the name rather than close the one corp, open another and transfer the name. For one thing you need a new FEIN and your Unemployment Insurance rates go back up to maximum. I am trying to verify the PanAm sale - I got this info second hand. I am looking for a gov website that lists the old FEIN so I can see if it is the same as the current.