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Tax and Legal Advice When Selling a Business

Tax and Legal Advice When Selling a Business in San Diego – Attorney

What do you need to know if you intend to sell your San Diego business?  It is important to have integrated tax and legal advice when selling a business to ensure maximum net profit and to limit contingent liability.  Allen Barron is uniquely positioned to advise business owners when they are considering a transaction to sell the business.  We are a single source tax, legal and accounting firm that can help with every aspect of the transaction, from preparation through execution.

In order to maximize the value of your business it will be important to have your books and financial records in order so the buyer is easily able to complete due diligence.  It may be necessary to bring accounting and internal reporting as well as income and balance sheets up to date.  Tax returns provide a solid view into the actual numbers associated with your company, as well as progression (or regression) across multiple years.  The valuation of your company will be another critical step.  While there are multiple methods used to establish the value of a San Diego business our legal and accounting staff will work with internal and external valuation experts to ensure that you receive full value for the company you’ve worked so hard to build.

The structure of the transaction itself is another critical step which requires intensive tax and legal advice when selling a business.  Buyers will want an “asset purchase” to eliminate their exposure to the debts and contingent liabilities of the business.  Most sellers wish to execute a stock purchase agreement in order to pass on every aspect of the business including assets, debts, intellectual property, customers and the potential for liability down the road.  How will you walk away?  Will you be required to remain involved in the business to ensure continuity of good will?  What is the best method to structure payment for the value of your business to minimize the impact of taxation and provide the greatest net benefit based upon your short and long-term goals?

The tax, legal and accounting professionals at Allen Barron provide a single-source perspective to integrate the accounting, tax and legal advice when selling a business in San Diego.  We invite you to learn more about the integrated tax, legal, accounting and business consulting services of Allen Barron and  contact us or call today to schedule a free consultation at 866-631-3470.