Tax Consequences of Selling a Business

AllBusiness.com posted a relevant article for all small business owners. I encourage all those thinking of running a business, or already running a business, to consider their exit strategy from the beginning. Many of the strategic plans you implement will affect the outcome when it comes time to get out. Explore this website for additional information relevant to operating a small business.

Maybe you're ready to retire, pass your business on to your children, and live out your days on a Caribbean beach. (Nice choice.) Or maybe you're so far in the black that the time is simply ripe for you to cash out and move on to other endeavors. Whatever the reason may be, you've decided to sell your business, you even have a buyer lined up — and now you have tax considerations to contend with. (continued at website)

[AllBusiness.com - Finance & Accounting Articles]