Are you thinking about selling your business? Two things to consider:
The business may be worth more than you think, especially if it includes intangible assets such as customer lists, proprietary software, and goodwill. As the economy grows stronger, this statement is even more likely to be true.
The more valuable your business, the more important the tax angles become. The obvious tax planning objective on the sale of your business is to minimize the taxes so you have more money in your pocket.
This article is the first of our multipart series on the tax implications of selling your business and the strategies you can use to soften the tax hit without messing up the deal. So, let’s get started. ... Log in to view full article.