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I'm grooming my company for a potential buy out. What would be the best way to structure my company to minimize taxes and red tape? I'm the sole owner of my company. I assume an S-corp would be the way to go, but wanted to get some opinions.
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business buy out question
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Posted 15 September 2007 - 09:23 PM
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- Group: Peanut Gallery
- Posts: 155
- Joined: 31-July 05
- Member: 4037
- Location:St. Louis, MO
Posted 19 September 2007 - 09:05 PM
To weigh in, I would strongly suggest consulting with a corporate/tax attorney. With recent IRS rules (circular 230), it is problematic to provide opinions with tax implications.
I wouldn't be surprised, though, if the person who ultimately gives you advice has you look at both S Corp's and LLCs. Taxes, as well as operational flexibility, should both play a role in your choice.
Sorry I can't give you more of an answer, but it can be an involved analysis.
I am not licensed in TX, but others in my firm are if you want more involved advice.
I wouldn't be surprised, though, if the person who ultimately gives you advice has you look at both S Corp's and LLCs. Taxes, as well as operational flexibility, should both play a role in your choice.
Sorry I can't give you more of an answer, but it can be an involved analysis.
I am not licensed in TX, but others in my firm are if you want more involved advice.
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