7 Tax Strategies to Consider When Selling a Business
Check out this article written by Barbara Weltman for the U.S. Small Business Administration to gain some insight on strategies to use when selling a business.
Her top 7 tips include:
1. Negotiate everything for the sale of a sole proprietorship
2. Sell a partnership interest
3.Decide on a corporate of stock or assets
4. Make an S election
5. Use an installment sale
6. Sell to employees
7. Reinvest gain in an Opportunity Zone
Always remember to consult with an expert before proceeding to consider selling your business, as there are many complex tax and legal components involved in the process.
If these tips could be beneficial to you now or in the future, please follow the link below to read her full article with more information.