My question involves business law in the state of: Nevada/Delaware/California
i want to form a Nevada OR Delaware corp. and buy an existing business (sole prop) in California. the business is to remain in California and i want to hire the sole prop. to run it or consult for a period of time. i am buying it for it's current liabilities and a small cash consideration. equipment and property are free and clear. only tax debt is current inventory. current owner has personal debt not tied to the business.
i understand i have to file for foreign corp status in California. i know how to file for a corp. myself. i know i need a T.I.N. for the corp.
i want the new sales tax permit in the corp name.
i want the business license in the corp name.
i want business checking in the corp name.
i want vehicles in the corp name.
i want insurance in the corp name.
eventually credit in the corp name.
what are the steps for the above?
what are my pros and cons???
can a debt collector of the sole prop. take the assets of the business if they now belong to the corp. and he(sole prop) has the legal right to sell them?
please advise or point me in the right direction. thx