When you are looking into buying or selling a business, there are really only two options:
- To buy or sell the assets of the business
- To buy or sell the shares of the company that run the business
The first is known as an asset sale; the second is a share sale. There are tax advantages to both.
1. Asset Sales
An asset sale is where you buy the assets of a business, such as furniture, equipment, accounts receivable, inventory and leasehold improvements.
2. Shares Sales
The second option is a share purchase/sell. If you have an incorporated company, you may wish to consider selling the shares of the business. The advantages of this option are numerous, but there are many pitfalls as well.
For More information, visit
http://smallbusinessbc.ca/article/tax-side-buying-and-selling-a-business/
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