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Selling a corporation can have significant tax consequences for both the buyer and seller. However, it is not impossible to satisfy both parties to the transaction with a §338(h)(10) election. Generally, sellers of corporate entities prefer to engage...
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If you are operating an LLC and no longer wish to engage in such business, you cannot simply walk away or stop operations to limit your liability. Rather, you must properly dissolve your LLC to ensure that you...
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Section 338 of the tax code can help resolve some of the issues created in stock sales in a way that benefits both buyers and sellers. Section 338 of the Internal Revenue Code provides a way to treat...
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Are you considering establishing a corporation? Perhaps you have thought about putting in property as consideration for your interest while another member would like to contribute cash. You may even find yourself in a situation where a third...
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As a small business owner, we know that you do your best to keep costs to a minimum. One way to save money that many business owners overlook is tax deductions. Tax deductions that sole proprietors, partnerships, and...
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