Selling Your Business

Selling your business can be bittersweet. On one hand, it means that you’ve built up something that’s successful enough someone else is interested in carrying on the legacy. On the other hand, it means the end of an era, the closing of a chapter.

Selling a business also has some implications from the tax perspective. Let’s take a look at some of the tax-related issues surrounding the sale of a business, a checklist to make the best of the deal:

Selling a business is a taxable event. The government is pretty good at recognizing opportunities for tax revenue, and the IRS is fully aware of the implications of trying to play games with your taxes during the transfer … Read more →

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