Hi everybody.
The following question has been posed to me:
Why does a business need to apply a dollar value to your personal assets being transferred to a new business?
I've searched the Net high and low for the answer to this question but haven't been able to find anything definitive. The only answer I've been able to come up with -- and it's probably wrong -- is the dollar value of the personal assets will add to the net worth of the new business.
Can anyone please enlighten me as to what is the correct answer to this question?
Many thanks!
The following question has been posed to me:
Quote:
Why does a business need to apply a dollar value to your personal assets being transferred to a new business?
I've searched the Net high and low for the answer to this question but haven't been able to find anything definitive. The only answer I've been able to come up with -- and it's probably wrong -- is the dollar value of the personal assets will add to the net worth of the new business.
Can anyone please enlighten me as to what is the correct answer to this question?
Many thanks!
via Small-Business-Forum.net http://www.small-business-forum.net/starting-your-business/9656-need-somebody-answer-question-dollar-value-personal-assets.html
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