The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential
If you are considering buying or selling a business, it’s important to understand the tax implications.
If you’re considering buying or selling a business — or you’re in the process of an M&A transaction — it’s important that both parties report it to the IRS and state agencies in the same way.
One of the best ways you can start this journey it is to familiarize yourself with the process of selling a business.
Before you open for business, consider your exit strategy. There are three exit strategies: liquidation, passing it down, or selling it.
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way.
If your business is considering a merger or acquisition, it’s important to understand how the transaction will be taxed under current law.
One potential solution for succession planning is to find an outside buyer for your company and undertake a long-term deal to gradually cede control to them. Going this route can enable a transition to proceed at a more manageable pace.