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If you're selling someone a company, surely you would just sell them the merchant account and company bank account as well, no? Did they sell the application bu
by curiousgeorge 18y ago
If you're selling someone a company, surely you would just sell them the merchant account and company bank account as well, no? Did they sell the application but not the company?
- run4yourlives 18y agoYes, they did. Dropsend was the application, and Carson Systems is the company.
- davidw 18y agoHow common are the two scenarios? A lot of YC companies are created with one and only one thing, so I guess you can sell the whole company. Other kinds of companies might have more products, and sell the product off, rather than the company. Does it really matter much one way or the other?
- run4yourlives 18y agoThat's a fair point. I think it would matter only when the company in question has decided to share common tasks (like a bank account, or even a user database) across all of their projects. Quick decoupling or forced encapsulation of projects seems to be a consideration that should be built into a company with more than one product.
- drusenko 18y agothere's a huge difference tax wise: stock vs. asset sale. asset sales can get taxed through the ass and back out again.