A Complete Guide to Purchasing and Selling a Business (PSAB)

Buying or selling a business is complex, with many tax variables, such as whether the transaction is an asset sale, stock sale or acquisitive reorganization, the types of entities involved as buyer and seller, and whether there are hidden liabilities or assets the buyer does not want. This program is an examination of the tax consequences to the buyer and the seller of a business, presented by panelists with decades of experience in business sales.

• Differences between an asset sale and a stock sale
• Tax consequences associated with the sale of a partnership/MMLLC interest
• Section 754, §338, and §338(h)(10) elections
• Acquisition of a Schedule C business and the allocation of consideration paid for a business under the residual method
• Does one entity have more favorable tax consequences when it is sold?
• Acquisitive and divisive reorganizations that facilitate the sale of a business
• Ordinary or capital gain or loss for business property
• Tax consequences of the sale of tangible and intangible property, including goodwill
• Consulting agreements and employment agreements as between buyers and sellers

• Advise clients regarding the tax aspects associated with buying and selling a business