Purchasing Corporations Purchasing a Corporation along with its asset (s) involves a slightly different procedure than Real Estate Closings.

• No Transfer Tax Payment Since there’s no transfer of ownership involved. Property remains in the name of the Corporation.
• Instead, a change of Administrator’s) or Board of Directors takes place through a Public Instrument as well.
• All Property Documents and Corporate Documents, including BLANK ENDORSED Stock Certificates as allowed by the Honduran Commerce Code.
• Same Closing Documents Checklist For Real Estate is applicable plus ALL Corporate Documents.

Forming a Corporation The following describes why you may need to form a corporation to purchase your property and what it means to you.