Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
January 2014


Word Count:
1189

 

 

Buying a Business? Protect Your Investment and Deduct It, Too


There’s more than one way to buy a business.

 

The method you choose will impact your taxes long after the date of purchase.

 

As a buyer of a business, you want to do two things:

 

1.

Set yourself up to recover your investment cost

2.

Protect yourself from past and future liability

 

Stock Purchase: A Ready-Made Business

 

The simplest way to buy a corporation is to buy the stock.

 

Steve owns a business that you want to buy. Steve operates this business as a corporation.

 

You buy 100 percent of Steve’s stock ownership in the corporation. The corporation and its business are yours. Everything Steve owned in the business now belongs to you.

 

Dangerous Liabilities

 

When you buy stock, you buy the history of the business. ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS