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by lostboyscratch 1570 days ago
Personal Accounting - recommend to talk to an accountant about the sale. - the sale of the business will be counted as personal income and because it is in your name you will be income taxed immediately. Just be careful to ensure that you hold $ for the large tax bill.

Business Sale - The business 9 years old, that's attractive. - Again talking to a business broker or accountant will be useful. To sell you will need to have some documents in the right structure so buyers can assess the business fairly.