Tax Issues to Consider Before Selling a Business

The government views the income you receive on the sale of your business in one of two ways: Basically, it is seen as either personal income or capital gains. Personal income is generally taxed 10 percent higher than capital gains, giving capital gains a decidedly greater tax advantage. When selling your company, the structure of the company and the nature of what's being sold determine whether the income is personal or capital gains. More here.
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If you have an interest in selling (or buying a business) we welcome your experiences in the
"SellYourOwnBusiness" group here. In the future we'll be having LIVE CHATS in the group around the subject!

Tags: business-sales, taxing

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Tax Issues to Consider Before Selling a Business

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