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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">What you suggest should work. Or, alternatively, have the PR as shareholder appoint him/herself as new board of directors and have new board appoint officers,
who then have authority to act on behalf of the corporation. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">________________________________________<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">THOMAS M. CULBERTSON
</span></b><b><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span></b><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I
</span><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> Lukins & Annis, PS<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">717 W. Sprague Ave, Suite 1600, Spokane, WA 99201<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">(509) 455-9555</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">
</span><span style="font-family:"Calibri","sans-serif";color:#1F497D"> I </span><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> fax (509) 363-2500</span><span style="font-family:"Calibri","sans-serif";color:#1F497D"> I
</span><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><a href="mailto:tculbertson@lukins.com"><span style="font-size:10.0pt;color:blue">tculbertson@lukins.com</span></a></span><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D">
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Christopher Small<br>
<b>Sent:</b> Monday, February 19, 2018 1:58 PM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] Transferring closed corp to heirs<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt">Listmates:<o:p></o:p></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt">Client is PR of estate. Estate owns a closed corp that wasn't a truly functioning business but does have a bank account with funds in it that PR can't access because can't demonstrate an interest in the corp
(i.e no shares issued, etc. - decedent is shown as president of company).<o:p></o:p></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt">Anyone have any ideas for the easiest way to solve this problem? It is as simple as the PR transferring interest in shares to heirs and then heirs adopting resolution naming a president of the company?<o:p></o:p></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt">Any guidance on this would be much appreciated.<o:p></o:p></p>
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<p class="MsoNormal">Cheers,<o:p></o:p></p>
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<p class="MsoNormal">Christopher Small<o:p></o:p></p>
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<p class="MsoNormal"><a href="http://cmslawfirm.com" target="_blank">CMS Law Firm LLC</a><o:p></o:p></p>
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<p class="MsoNormal">150 Lake St. S., Suite 218<o:p></o:p></p>
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<p class="MsoNormal">Kirkland, WA 98033<o:p></o:p></p>
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<p class="MsoNormal">206.659.1512<o:p></o:p></p>
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<p class="MsoNormal">Legal stuff I have to put in... <i>To ensure compliance with Treasury Department and IRS regulations, we inform you that, unless expressly indicated otherwise, any federal tax advice contained in this communication (including any attachments)
is not intended or written by CMS Law Firm LLC to be used, and cannot be used by the taxpayer, for the purpose of: (i) avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code; or (ii) promoting, marketing, or recommending to
another party any transaction or matter addressed herein (or any attachments).</i><o:p></o:p></p>
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