Lindemeyer CPA is based in Louisville Kentucky and can handle all a wide variety of accounting, financial planning, and tax preparation needs. Lindemeyer is able to serve both personal and business needs.
Tax Effects of Buying/Selling a Business
Buying or selling a business can have a significant impact on your liability exposure and your tax consequences. Structuring a proper purchase or sale agreement that best meets your financial goals requires an understanding of business and corporate law, as well as state and federal tax laws. You will need guidance and expertise when evaluating whether it is more beneficial to make a stock purchase or sale, or to transact an asset purchase or sale. Each transaction has different consequences that dictate consultation with an experienced financial professional who understands liability and tax issues.
Here are some issues to keep in mind when considering the purchase or sale of a business:
Type of transaction
Allocation of asset purchase price
Bulk sales laws
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