Selling Book of Business
4 Replies
Tucker Graczyk
from Oak Park, CA
posted 14 days ago
Hello. Does anyone have experience selling intangible assets? Going to be selling my book of business in the near future and I can't get the IRS off my mind. How have others lowered their tax bill during the sale of their BOB? Thank you!
Greg O'Brien
Accountant from Boston, MA
replied 14 days ago
@Tucker Graczyk asset or stock sale? Many ways to structure it
Tucker Graczyk
from Oak Park, CA
replied 14 days ago
@Greg O'Brien I think asset sale is the better route. That would allow for the sale to be a capital gain?
Greg O'Brien
Accountant from Boston, MA
replied 14 days ago
@Tucker Graczyk LLC, S or C corp?
Tucker Graczyk
from Oak Park, CA
replied 14 days ago
@Greg O'Brien S Corp