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Reducing Tax When Selling Business

(@Anonymous)
New Member

Hello,

I should be seeking a tax expert on this topic but who knows, I may get quality replies from experienced small business owners.

Scenario: You own a stable small business. You plan to sell it this summer and either acquire or start another new business.
Is there a method where you can get the tax rate reduced when selling the current business because you plan to acquire or start another business?

Or anything that a business owner should know regarding tax?

Thanks in advance! 8)

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Topic starter Posted : 01/02/2006 8:29 am
(@Anonymous)
New Member

I assume you will be selling at a profit? I think the sale and any new business are separate tax events although you might have some carryover events that would interact.

Are you selling just the business or is real estate involved? Will you be selling depreciated equipment?

I have a book called something like "How to buy a business for no cash down." by Goldman(?) I think. It is aimed at buyers, but sellers will have to consider all the same issues. If you can't find it, I can look up an ISBN.

mhdoc

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Posted : 01/02/2006 11:27 pm
(@Anonymous)
New Member

Re: Reducing Tax When Selling Business

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Posted : 31/07/2009 10:09 am
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