Selling Your Business: Tax and Accounting Stuff You Need to Know (Perfect Bound Book)8.5 X 11, 104 pages
This easy-to-read book is written by a Chartered Accountant (CA) with a sense of humour and a wealth of experience in dealing with business owners and managers. It is designed to assist a business owner in selling their business for the highest price possible and taking advantage of proper tax planning to reduce the income tax as far as legally possible.
As the Baby Boomer generation begins to decide they would like to spend less time working, many are looking to sell their businesses. Baby Boomers are the largest demographic group in North America--which is not news unless your home planet is Mars. There will be many businesses for sale in the coming years, more businesses available for sale than buyers. Buy this book if you want to:
Find The Best Buyer Selling a business is a challenge and this book provides insight into where to look to find qualified buyers.
Do The Dance -- The Selling Process Long before a business is sold there needs to be a plan. This plan will ensure the business is sold for the largest amount of "after tax" money with the minimum amount of aggravation. There are things which should be done in advance--say five years or more--before a business is sold. This book contains a checklist for what to do 5, 3 and 1 year(s) from the sale date.
Get The Most For The Business Determining the likely value of a business is more art than science. This book covers basic valuation techniques as well as a discussion of negotiating strategy.
Shares Or Assets: How To Maximize Your Return Understanding the differences between selling shares and assets is fundamental to good tax planning. This book includes an easy-to- understand explanation of the differences and the advantages of selling either assets or shares.
Tax Savings -- What You Need To Know About Holding Corporations A holding corporation is a corporation whose sole purpose is to own the shares of other corporations. There are valid tax reasons why a buyer would want to use a holding corporation. A seller will receive more money from a buyer if the buyer can save taxes on the transaction.
Keep The Sharks At Bay -- Dealing With Legal Agreements Dealing with legal agreements and putting the purchase and sale agreement on paper are very important steps in the process of selling a business. Nothing beats a clearly worded, comprehensive agreement. There is an entire chapter explaining how to make this happen. |