Understanding the tax implications of a practice sale is essential in determining the net proceeds you’ll take home. We frequently receive inquiries about the taxes payable on the purchase and sale of a business.
There are three main ways of making money as a business owner:
When purchasers put forward offers to buy a practice, they will sometimes make a request like the following with their offer:
“Stockholm Syndrome” is a term that is used to explain a psychological phenomenon where hostages can sometimes develop positive feelings and a bond with their captors. Strangely enough, it is possible for the phenomenon to extend its grip into aspects of our lives, like business ownership.
Occasionally, a practice owner that is leasing is given the opportunity to buy their premises at a reasonable/fair price…
One of the most common questions that we get from people when they hear what we do is:
