Tag: buying a business
Do You Pay Taxes When You Buy or Sell a Business?
Posted on January 13, 2025
Selling a business can be exciting and financially rewarding. It is often the culmination of decades of hard work and dedication. Business owners are und focused on maximizing the financial gains from the sale. Yet the end game should be not so much the price of the sale as the final take home, and one factor that can put a big dent in proceeds from the sale of a business is taxes. Because the sale of a business can generate significant income, taxes will be assessed. How the deal is […]
What Should Entrepreneurs Watch Out for When Buying Businesses?
Posted on July 19, 2024
Purchasing an existing business can be a lucrative opportunity for an entrepreneur, but it also comes with inherent risks. A person may benefit from taking over a business that has already established itself in the marketplace, and they may be able to implement new policies and procedures to ensure that the business will become or remain profitable. However, it is important to be aware of potential issues affecting a business that could lead to problems in the future. An experienced attorney can help an entrepreneur navigate these challenges, protect their […]
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