Buying & Selling a Business
The most frequently asked tax questions related to Buying & Selling a Business
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Answer Tax QuestionsWhen negotiating the sale of a business , what are some of the variables that may be changed to complete the deal ?
Asked Tuesday, December 05, 2000 by an anonymous user
Some variables that may be negotiated to complete a deal is; the amount of the down payment, the interest on a note taken back, the time the seller is willing to carry the note, all cash verses cash and note deal, the possibility of a consulting contract for the seller as part of the purchase price.
What options do I have with the location of my business ?
Asked Monday, October 16, 2000 by an anonymous user
Generally, you may lease or buy the location for your business. Supply and demand will figure into your decision. A surplus of commercial and retail space may give you the opportunity for some favorable leasing rates, but owning might also be to your advantage. Owning provides you with the tax benefits of capital appreciation of the property, interest expenses write-offs, equity buildup in the property, the potential for you to lease or rent space for additional revenue and having greater control over the property. Speak to your local CPA about the tax ramifications of buying or leasing and their recommendations of a reputable commercial real estate firm in your area.
