Selling Your Company: The Anatomy of a Deal
You’ve worked hard to create a successful business, so it’s important to consider all components of the business deal when it comes time to sell your company. Very few business owners receive a single, lump sum cash payment in exchange for their business. Instead, a down-payment combined with deferred payments is the norm.
Regardless of how your deal is structured, it's important to carefully think about the timing and tax impacts of payments on the net sales proceeds of your business. Timothy Malloy, JD, CEPA, Wealth Specialist in Key Private Bank’s Business Advisory Services, breaks down the anatomy of a deal.