I spun out another company from my S-Corp several years ago. The new company is a C-corp. I personally have 50% ownership in the C-Corp and my S-Corp of which I am the sole owner owns another 50% in the C-Corp.
I am now fully dedicated to the C-Corp and trying to raise investor funds for it. It makes no sense to keep paying $800 in Franchise Tax Board taxes when the S-Corp has not had revenue since the pandemic hit. How do i transfer ownership of the shares my S-corp owns (me) to me personally. Ideally with limited expense and before investor funding for a clean cap table.
