Thinking about buying a business? Then my new article is for you! You see, in past issues I’ve talked about… The kind of entity that owns the business The kind of entity you will use to operate the business The tax impact of your situation In this new issue, I’ll show you how it all comes together when you buy a business that owns intangible assets like … [Read more...]
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Buying a business? Make tax-smart price allocations!
When you acquire a business through an “asset purchase,” you win in two ways. You can generally avoid exposure to unknown or undisclosed business liabilities. The tax-basis of the assets can be stepped up (increased) to reflect the purchase price that you pay for the business. The step-up gives you bigger depreciation and amortization deductions. But there’s another … [Read more...]
How to buy a business the smart way
Thinking about buying a business? Then one of the most important decisions you’ll have to make is whether to purchase the assets of the business or the ownership interest in the business. And remember, either way there are important legal and tax issues to consider. If you are planning on buying a C or S corporation, a partnership, or an LLC (that’s treated as a … [Read more...]
A quick guide to real estate options
Using options can be a great way to increase profits on real estate investments and rentals. But you have to be careful and avoid a number of dangerous traps. That’s why my new article makes “must” reading. It can help you avoid making costly errors and show you how to maximize profits. Want to find out more? Read my new article titled Tax Tips: Make Sure Your Real … [Read more...]
Cash in on “goodwill” when you sell your business
When it comes time to sell your business, you’ll have to consider the intangible asset of goodwill. Definition: Goodwill is the value of a business in excess of its identifiable tangible and intangible assets. It represents the value of your reputation and customer loyalty. Goodwill can be worth a lot of money when you sell, but there are tax consequences that you have to be … [Read more...]