Dissolving Delaware LLC with Vehicle Asset & Seeking CPA for Retail and Real Estate Ventures
Hello. I am considering dissolving a Delaware-registered LLC, currently while residing in Texas. This LLC owns a vehicle valued at approximately $135,000, which was purchased outright with cash contributed to the company's capital. The vehicle has been used for personal purposes, and since the company hasn't initiated any commercial activities, no tax deductions have been claimed for this asset. Additionally, I'm looking for a CPA who can manage the financial aspects of my existing retail sales company, specializing in automotive wheels, and a future real estate investment business. I need a professional with expertise in both retail operations and real estate investments. For the dissolution of the LLC, I would appreciate insights on: Tax implications of dissolving a Delaware LLC in Texas, especially when it owns a high-value asset like a vehicle bought with contributed capital. Required steps for transferring the vehicle's ownership from the LLC to an individual. Any potential sales tax or other tax liabilities, beyond the costs related to the dissolution and asset transfer. I welcome advice on the LLC dissolution and interest from CPAs with relevant experience in the retail and real estate sectors. Thank you in advance.
