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It cannot always be sold for $1--the IRS may view the sale as tax evasion if it occurs well below a fair market value. As an example: if the company had two de
by bradstewart 9y ago
It cannot always be sold for $1--the IRS may view the sale as tax evasion if it occurs well below a fair market value.
As an example: if the company had two developers working full-time for a year on the IP, the value of that IP should be in the ballpark of those developers salaries.
This is not always the case, but a reason you should consult an attorney.