Thinking of selling your business? Two steps to get the best price
In crisis conditions, cleaning up your company’s tax situation might not seem like a high priority. But if you’re planning to sell, a tidy tax picture will help get higher valuations. Kurt Piwko discusses his top strategies via Kiplinger.
Most will soldier on, helped by the government’s relief measures, but a minority will likely decide that it’s time to cash out and sell all or part of the business.
For some, securing outside funding through an equity sale may be the only way to survive. For others, the pandemic and looming recession may have accelerated their timelines for moving on to something else.
Whatever the reason, owners shouldn’t underestimate the importance of having a smart tax strategy in the run-up to a sale.