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Selling A Small Business And Tax Considerations: What Sellers Need To Know

Selling A Small Business And Tax Considerations: What Sellers Need To Know

When selling a business, the purchase price is determined by the separate values of the various assets and liabilities acquired from the transaction. What does this mean? In a nutshell, this means that when you negotiate a sale price for a business, you and the buyer must agree as to what portion of the purchase price applies to each individual asset, and to intangible assets such as goodwill.

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