What is the name of your state (only U.S. law)? Pennsylvania
I personally own a domain name which I have purchased in 2017 from a third-party, for a sizeable amount of money. A few months later in 2018, I have officially organized a 1-member LLC under the same name as the domain. I would like to sell that domain name to the LLC in order to:
Have the LLC be the owner of the domain vs. me personally.
Be able to deduct the domain name cost as part of the startup costs of the LLC (along with office furniture and other such costs).
Can I just draft a simple sale agreement between myself as the seller and my business as the buyer? Using a template such as: https://www.domainsherpa.com/domain-name-purchase-sale-agreement/
The goal is to keep things documented for the IRS and to keep it legally clean.
Thank you!
I personally own a domain name which I have purchased in 2017 from a third-party, for a sizeable amount of money. A few months later in 2018, I have officially organized a 1-member LLC under the same name as the domain. I would like to sell that domain name to the LLC in order to:
Have the LLC be the owner of the domain vs. me personally.
Be able to deduct the domain name cost as part of the startup costs of the LLC (along with office furniture and other such costs).
Can I just draft a simple sale agreement between myself as the seller and my business as the buyer? Using a template such as: https://www.domainsherpa.com/domain-name-purchase-sale-agreement/
The goal is to keep things documented for the IRS and to keep it legally clean.
Thank you!