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Message: <blockquote data-quote="Snarf Zagyg" data-source="post: 9167872" data-attributes="member: 7023840">There's no single answer to this, because there are a lot of variables (what is the nature of the legal entities involved, who owns what, what are the ownership types, etc.).But the umbrella answer is that you always treat the legal entities as separate legal entities, with separate assets. Further, they should have separate accounting. So if it's a physical asset (a widget), you should sell it to from SPE 1 to SPE 2 for FMV. If you are making a loan, then you should actually make sure you do the full promissory note procedure with payment schedule and interest rates at normal commercial rates.Most importantly, as [USER=7808]@Deset Gled[/USER] just ninja'd me when I was writing this, you need to make sure that this is accounted for at the time. These transactions will show up as assets and liabilities, and it will have tax implications.</blockquote>