Business disvestitures commonly require the assistance of a tax specialist to minimize tax consequences. Whether your planning on selling to a member of your family, to a competitor or a complete stranger, from a legal perspective you have several different options. Moreover, each of these options entail very different tax consequences.
The acquisition of a business can also be performed in various ways. Although the tax implications may not initially be apparent, the magnitude of your annual tax obligations be impacted by how the purchase was originally legally setup.
As your business becomes increasingly complex, you may wish to minimize your business risk by segregrating your corporations assets in various entities. Or maybe a butterfly transaction is what you require? In any case, we can assess your situation and assist you in attaining your goals.