Here at Trinity Transaction Advisory we’re ready to help you through every step of the process of selling a business, and that includes preparing you for potential tax problems and opportunities that might come along. We know that it’s important for you to be as prepared as possible so that there are no surprises when the final papers are in your hands.
What do you need to know about taxes when it’s time to sell a business?
It’s Different For Everyone – We certainly can’t make any blanket statements about how much you’ll be charged in taxes when you sell your business; there’s no across-the-board “selling-a-business tax.” It will depend on your tax rates, how the business was formed, and how the deal is structured. This last reason, how the deal is structured, shows just how important it is to enlist the help of a reputable M&A firm.
Fortune Favors the Prepared – If you were about to purchase a product and you asked how much taxes were going to be, an answer of “somewhere between 5% and 50%” would probably affect your decision to buy. You don’t just hand over your credit card and say “surprise me.”
When it comes to your tax liability when you sell your business, you want to be as informed as possible. Trinity Transaction Authority orders a pre-exit tax analysis so that you can know ahead of time what to expect come tax time, and more importantly what you can change now in order to reduce the amount of taxes that might come due.
Trinity Transaction Authority is the mergers and acquisitions firm that can help you get the most for your company every step of the way. Call us when you’re considering selling our business.