For New Sellers: Why You Need to Consider Taxes Before Selling Your Business

The subject of taxes may be dry, but when it comes to selling a business, taxes can't be avoided forever. Tax attorney Alex Denault discusses the differences between a CPA and a tax attorney, how an asset sale versus a stock sale impacts tax implications, successor liabilities and how they influence a transaction, the IRS ramifications of asset allocation, double taxation risks for C-Corps, when sales taxes apply, and some general rules on what sellers can expect in terms of paying taxes when they sell a business. Learn More:  M&A Basics | Asset vs. Stock Sale Allocation of Purchase Price & Taxes When Selling a Business Adjusting Financial Statements: A Complete Guide Additional Resources: Planning to sell your business? Schedule a free consultation today. Download a free PDF copy of The Art of The Exit: The Complete Guide to Selling Your Business and Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue. Purchase your copy now of A Beginner's Guide to Business Valuation | The Exit Strategy Handbook | Closing the Deal Contact Morgan & Westfield to request a free copy of Jacob Orosz's latest book, Food and Beverage M&A: An Insider's Guide to Selling a Food or Beverage Manufacturing, Distribution, or Grocery Business. To suggest guests, topics, or questions for future podcast episodes, contact Morgan & Westfield. Listen to Other Episodes: (based on podcast notes) Do You Need Tax Insurance When Selling Your Business? How an M&A Attorney Can Help Sell Your Business Expert Advice from a Buyer – Why You Should Prepare Your Business for Sale