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September 14, 2009
What to do if you think it is time to sell your business and why would you want to?
OK....lets figure this out......the estate tax expires next year along with capital gains tax cut.....the highest personal tax rate at the federal level goes back up to 39.6% (this does not include state and local income tax rates) and most likely a surtax will be created for the new health care plan......do I have this correct?
Maybe, just maybe if there was a time to sell versus next year, the year after, or the year after that .... maybe it is right now....
Oh ja, your business has to have been set up for sale long before now to take advantage of the situation right now
John H. Brown's "How To Run Your Business So You Can Leave It In Style" is a good outline of how to accomplish this "feat"!
Posted by Dave Seitter on September 14, 2009 | Permalink
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