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LSDefine

Simple English definitions for legal terms

bootstrap sale

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A quick definition of bootstrap sale:

A bootstrap sale is when someone buys something using the money they make from selling that same thing. For example, if someone buys a business using the profits from that business, it's called a bootstrap sale. It can also refer to when a seller sells something to save money on taxes.

A more thorough explanation:

A bootstrap sale is a type of sale where the purchase price is financed by the earnings and profits of the thing sold. This can refer to a leveraged buyout or a seller's tax-saving conversion of a business's ordinary income into a capital gain from the sale of corporate stock.

For example, if a company wants to buy another company but doesn't have enough money, it can use the profits from the company it wants to buy to finance the purchase. This is a bootstrap sale.

Another example is when a seller wants to convert their business's ordinary income into a capital gain to save on taxes. They can do this by selling corporate stock instead of selling the business's assets. This is also a bootstrap sale.

bootstrap doctrine | booty

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awman i was hopign to come home to a ucla wave
is it too late? its 2pm there
OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
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MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
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JumpySubsequentDolphin
17:18
idk splitty :(
if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
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JumpySubsequentDolphin
17:21
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even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
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JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
He's never really been my style tbh
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