Acquisition or Disposition Of A Business
If you are considering buying or selling a business, contact us for advice and assistance in structuring the transaction. It is very important to contact us BEFORE finalizing the contract so that we can help minimize your taxes and maximize your deductions. The purchase/sale contract will have an allocation of the price and this allocation can have significant tax consequences if not structured appropriately. Further, purchasing an existing business with employees or even just a portion of the business, could greatly affect your state unemployment tax rate and therefore should be a consideration in your purchase.