S-Corp Sale: Asset or Shares? I'm selling my s-corporation, but I'm not entirely sure if I should sell it as an asset purchase or a share purchase.
The company is a drop-ship eCommerce site, I have no inventory and only a few hundred dollars in depreciable assets. I'm selling the company for less than $30,000, so I was wondering if there would be much benefit to going with a share purchase over an asset purchase as far as taxes go?
I want to minimize the amount of taxes I pay because of the sale (My wife and I make a combined income of less than $75k per year, I live in FL, and the buyer is out of state). I know that going to a M&A attorney would be best, but since I would end up paying them a significant percentage of the total sale, I figured I could do some initial leg-work. (I have a background in finance. I have my CFA charter and currently work as an analyst at boutique asset management firm). |