Selling your S or C corporation can be a tricky business.
Which is why you should consider selling your corporate stock as an asset sale.
You see, an asset sale can help you avoid double taxation, get rid of known and unknown liabilities, and give your buyer a step-up basis.
You’ll get the whole story when you read my new article titled Tax Tips: Selling Your Business: Sell Corporate Stock as an Asset Sale.
Three ways our fact-filled article can help you:
- We’ll explain the important Section 338 alternative. Do you and the corporation buying your business want to treat the stock purchase/sale transaction as an asset-purchase sale-transaction for federal income tax purposes? Then you’ll need to make this election under IRS Section 338. It’s important that you understand this complex section of the law which we’ll explain fully when you read the full article.
- You’ll learn what to do if you’re running an S or a C corporation. This can get a little complicated because the IRS delights in complexity. But don’t worry. We’ll explain everything in easy-to-understand language when you read the full article.
- We’ll tell you when it makes sense to use a stock sale combined with a Section 338(h)(10) election. In fact, we’ll list four factors you should consider carefully if you’re thinking of selling your corporation. You’ll get invaluable information that can save you a lot of money when you read the full article.