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Taxes |
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Slash Tax when Buying a Business
When buying a business, how the "purchase price" is made up can affect what you pay in tax. The plan is to make as much of the price tax deductible for you and not the other party. Once a final price has been agreed upon, try to allocate that price in the sale and purchase agreement in such a way that you get maximum benefit. Here are some ways to do this:
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