How to Sell a C Corp to Avoid Double Taxation
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hubert
Apprentice
Joined: 06 Dec 2004
Posts: 22
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 Posted: 08/18/07 - 05:12 Post subject: |
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| I am considering selling my s corp but I have heard there is a new law there saying that I as a seller am obliged to pay 2 taxes involving both ones regarding its corporate level as well as its individual –stockholder level. So my question is how to sell an S Corp to avoid double taxation. Thanks! |
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maryellen
Apprentice
Joined: 14 Jan 2004
Posts: 19
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| Posted: 09/17/07 - 01:12 Post subject: |
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| There is not much you can do I am afraid to avoid double taxation when it comes to selling your s Corp. but maybe the chance to avoid double taxation still exist and I think it has something to do with reorganizing the partnership or even liquidate it or maybe convert it to the S corporation in which the profit actually goes to the business owners which taxes are accounted at much lower rates than those corporation related. |
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