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To provide our clients with the highest quality service obtained by knowledge, experience, integrity, and professional conduct. We measure our success by the satisfaction of our clients and our regular buyers. We offer a wide variety of services in addition to estate liquidations: bankruptcy sales, moving sales, auctions, as well as antique and jewelry sales.

At the shareholder level, a nonliquidating corporate distribution can produce a variety of tax consequences, including taxable dividend treatment, capital gain or loss, or a reduction in stock basis.A shareholder’s basis in his S corporation stock is increased by the share of the S corporation income that is passed through to the shareholder.This effectively gives the shareholder a credit to apply against the earned income when it is ultimately distributed to the shareholder, ensuring that the income is only taxed once.If that money hasn’t been shared between the shareholders by the time the company is removed from the register, it will go to the state.You’ll need to restore your company to claim back money after it’s been removed from the register.