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Tax Implications of Selling Your Business
Exiting your business for retirement is an exciting time of your life, but have you planned for the tax implications? If your business is set up as a C corporation, you can face a potential “double tax” when you sell.
Even if the thought of selling your business hasn’t crossed your mind, it’s never too early to plan for selling and implement strategies to maximize the value of your business. Timothy Malloy, JD, CEPA, Wealth Specialist in Key Private Bank’s Business Advisory Services, explores the tax implications of selling your business and offers advice on how to avoid the “double tax.”