Tax Tricks For Selling The Shop, Part 2

Whether to sell shares or assets

If you're the owner of a private business that has grown in value over the years, much of your personal and family wealth is likely to be tied up in your company. At some point, you may want to access that wealth, whether to fund your retirement, finance a major purchase, or just provide for your family. And you'll want to do it in the most tax-effective way possible.

For many business owners, the most effective way of realizing the value of their business is to sell it. Last time, I looked at the question of whom to sell the business to (assuming it's not being sold on the open market). In this article, I'll look at how to structure the sale to make it as tax efficient as possible.