Selling my half before filing

[david2]

I own half of a boat invested $30,000.00 (my half) it is title to a LLC which I am 50% owner. I am waiting to file after the first of the year. My partner wants to buy me out now for $8,500.00 . The boat has been on the market for 3 months for $29,000.00 with very little interest. Would it be ok to sell to him now or would he be in a better postion dealing with the trustee after I file?

[music12]

it would be ok to sell to him IF you can show that he paid you market value for it, and no less. it helps that it hasn't sold for 3 months, but if you can find more data on sales of similar boats that would show that 8500 is reasonable, it would help.

if you have a lawyer, ask him first. don't risk it.