In this Mississippi Business Journal article, Tyler Ball discusses tax implications that should be considered when selling a business.
"Generally, the first thing that an owner contemplating the sale of his business would want to do is to meet with his or her competent business and tax adviser to discuss goals and structuring alternatives. Early in this process, the owner and his counsel should focus on several relevant considerations such as the type of entity being sold, or whether the owner desires to stay involved in the business after the sale," said Mr. Ball.
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