For New Sellers: Why You Need to Consider Taxes Before Selling Your Business
Jan 09, 2024•51 min
Episode description
The subject of taxes may be dry, but when it comes to selling a business, taxes can’t be avoided forever. Tax attorney Alex Denault discusses the differences between a CPA and a tax attorney, how an asset sale versus a stock sale impacts tax implications, successor liabilities and how they influence a transaction, the IRS ramifications of asset allocation, double taxation risks for C-Corps, when sales taxes apply, and some general rules on what sellers can expect in terms of paying taxes when they sell a business.
Learn More:
- M&A Basics | Asset vs. Stock Sale
- Allocation of Purchase Price & Taxes When Selling a Business
- Adjusting Financial Statements: A Complete Guide
Additional Resources:
- Planning to sell your business? Schedule a free consultation today.
- Download a free PDF copy of The Art of The Exit: The Complete Guide to Selling Your Business and Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue.
- Purchase your copy now of A Beginner’s Guide to Business Valuation | The Exit Strategy Handbook | Closing the Deal
- Contact Morgan & Westfield to request a free copy of Jacob Orosz's latest book, Food and Beverage M&A: An Insider’s Guide to Selling a Food or Beverage Manufacturing, Distribution, or Grocery Business.
- To suggest guests, topics, or questions for future podcast episodes, contact Morgan & Westfield.
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