Business Purchases and Sales

If you are interested in purchasing a business, it is essential that you thoroughly research the business and protect yourself legally from any existing claims or issues. There may come a time when you are prepared to sell or dispose of your business. It is essential that you negotiate and set forth in writing the terms of the sale to prevent future liabilities from arising. A sale of your business can cause you to incur a tax based on the gain from the sale. The taxes may be reduced or deferred with the proper tax planning.