~ Selling a Business ~
Where transaction has economic substance and is economically realistic, it should be recognized for tax purposes, and the fact that a transaction is so arrranged that tax consequences are highly favorable to one of the parties affords the Commissioner no license to recast it to one of less advantage. Lewis and Taylor, Inc. v. Commissioner, 447 F.2d 1074 (1971).
No transaction may have a larger impact on a person's financial well-being than the sale of a family business. Mistakes made in structuring the deal can have repurcussions that endure for generations. Among the many factors which must be taken into account in planning such a transaction are the tax consequences.
I can help structure the sale of a family business to preserve the maximum amount of after-tax proceeds. Techniques such as charitable remainder trusts, tax-free reorganizations and installment sales can insure that the shareholders keep the benefit of the valuable business that they have created.
more information about strategies to minimize taxes on the sale of a family
business, please contact me in any of the following ways: