This article are provided for information purposes only, and are not intended as legal advice.

How do the kids pay for the purchase of the business from the parent?

October 31st, 2008

There are many ways to finance an acquisition, bank debt, leverage buyout or life insurance. Is there life insurance on the owners of the business. Is the beneficiary the spouse or the business? You may want to talk to your tax advisory on how to structure the purchase of the business on a tax efficient manner. What is the cost of the insurance? Is the insurance deductible? These are all questions to ask your tax advisor.

Filed under: Buy a business — Gary Landa @ 10:12 am

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