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We three individuals bought property in 2007. Now we, with our now-adult three sons, are considering becoming a corporation (SRL?). How difficult will it be to change the real estate ownership from individuals to corporation? Is it even worth it to become a corporation in the first place? We are trying to secure and simplify the ownership and future transfer to our kids. Please, any legal advice would be so appreciated…
[quote=”njackson”]We three individuals bought property in 2007. Now we, with our now-adult three sons, are considering becoming a corporation (SRL?). How difficult will it be to change the real estate ownership from individuals to corporation? Is it even worth it to become a corporation in the first place? We are trying to secure and simplify the ownership and future transfer to our kids. Please, any legal advice would be so appreciated…[/quote]
nothing is difficult if you have money 🙂
incorporating now has an additional tax whcih goes up every year.. so besides your normal property tax you will pay a corp tax.. and to change from individual to corp will also cost you transfer tax.. taxes.. taxes.. taxes
All three original owners plus the three sons will have to be present in CR to be added to the proposed corporation, although not necessary to be here at the same time.
This will require specific and ongoing ‘book keeping’.[url=http://costarica.com/business/setting-up-a-corporation/]Check out this information[/url]
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