Chapter 257 - 149: Directly Transferring a Company to Chen Mo for Free

Chapter 257: Chapter 149: Directly Transferring a Company to Chen Mo for Free

The review process would take a few days. After it was completed, he would still have to pay income tax.

It was generally 20%.

However, it was 20% after deducting costs.

When Old Chen started this venture capital firm, he invested 15 million. He had been running it for several years but never found a good project to invest in, so it didn’t make much money. It was now worth around 20 million.

The appreciated value was 5 million. Based on the 20% income tax, he would need to pay 1 million in income tax.

As well as 10,000 yuan in stamp duty.

After getting the tax clearance certificate, he would also have to go to the Administration for Market Regulation (formerly the Bureau for Industry and Commerce) to submit a registration change application and update the shareholder information. ℴ

He’d have to pick up the new business license, update the shareholder information for the bank accounts, and so on.

The whole process would take ten days to half a month if things went quickly, or up to a month if they went slowly.

After that, he went to two car dealerships to transfer the vehicle orders into his name.

As for the remaining funds for the car purchases, Old Chen transferred them directly to him as well.

In the future, when he picked up the cars, Chen Mo could just use the company’s blue license plate quota to register them.

Almost everything had been handed over.

The rest just had to wait for the paperwork to be processed, which would take time.

The property transfer would take three days at the fastest, while the company transfer would take at least ten days to half a month.

As for picking up the cars, that was hard to say.

If they happened to have a car in stock with the same configuration, it would be very fast.

If not, it would take longer.

But Chen Mo wasn’t in a hurry. The procedures and paperwork for all these things were already underway.

It was only a matter of time before they all belonged to him.

"Chen Mo, we’re all settled up. Let me know if you need my cooperation for anything later on."

"Also, you need to keep in mind what I told you yesterday. You have to talk to Shuwan."

After helping Chen Mo finish the necessary procedures, Old Chen left immediately, but not before making a point of reminding him about what they had discussed last night.

"I’ll tell her when I get the chance."

Chen Mo nodded.

Afterward, he paid Liu Zhihu’s legal fees, and the lawyer returned to his firm.

The legal fees still had to be paid. Zhao Yalan was just a senior partner; the law firm wasn’t hers alone.

By the time he got home, it was already afternoon.

After running around all day, he could finally sit down and rest for a bit.

Sitting in front of his computer, he looked at the stock market, which had already closed for the day.

Xinggui Film and Television was still limit-up at 10%, with a daily profit of 8.79 million yuan.

The total value of his Xinggui Film and Television stock had already reached 96.63 million yuan.

Even after subtracting the 30 million from leverage and his own 15 million in principal,

his total profit on this one stock had reached 51.63 million!

It was an absurd amount.

His other stocks combined had also earned over 2 million today.

Including the Xinggui Film and Television stock, his profit for the day was over 10 million again.

It was almost 11 million.

’Money makes money. The more you have, the more you make.’

Seeing such high returns day after day, Chen Mo couldn’t help but marvel inwardly.

DING~

Just as he was marveling at how money makes money, his phone suddenly chimed.

He picked it up and saw it was a message from Xia Shiqing.

"Are you busy tonight?"

"Not busy. What’s up?"

"I want to spend the night at your place tonight. I want to thank you for the Xinggui Film and Television matter."

Seeing the WeChat message from Xia Shiqing, the corners of Chen Mo’s mouth lifted slightly, and an expectant smile appeared on his face.

He knew what Xia Shiqing meant.

Previously, Xia Shiqing had asked a female netizen how she should thank her boyfriend for providing immense help with her career.

Posing as a female netizen, Chen Mo had told her she could consider taking some medicine to get an immunity buff.

Calculating the time now, exactly one cycle had passed since he last told her about this.

Today, Xia Shiqing had taken the initiative to say she was coming over to spend the night and wanted to thank him.

What her method of thanks would be was self-evident.

’Looks like I won’t need to bring a barrier today.’

Chen Mo smiled, grabbed his phone and car keys, and headed out the door.

He drove toward his other apartment.

’After a while, I should talk to the landlord and see if he’s willing to sell. If he is, I might as well just buy it.’

Chen Mo felt that apartment was quite suitable as a private world for him and Xia Shiqing.

The size was just right—not too big, not too small. Too big would feel empty and not cozy enough.

As he was driving, he saw a dessert shop on the side of the street with very pink decorations.

Outside the dessert shop was a large billboard featuring their signature product.

Cream puffs.

Chen Mo didn’t usually have much of a sweet tooth, eating dessert maybe once or twice a year.

But for some reason, seeing them today suddenly made his mouth water.

He was suddenly very interested.

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