The sale of your business is one of many types of sales that can trigger Capital Gains taxes. This can be the sale of a sole proprietor business, a partnership, an LLC, an LLP or an S Corp. The sales price for the business less basis in your business (purchase price plus improvements less depreciation less sales expenses) is the gain that you could be taxed on in the year of sale. Our strategy is to help you structure your sale as an installment sale that can defer the tax on the gain for 10 years or more which can greatly increase your earned income from the sales proceeds in future years. Read our blogs or contact us for more information.
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