This is the second half of an article on dodging difficulties when selling your business. Part I ran in October.
Taxes range from zero to more than 55 percent. Each exit path has a different tax implication. If external sales are not properly structured, it could leave you with little money. This is counterintuitive since many times external sales will generate the highest sales price. However, with a prospective tax yield of about 55 percent or greater, it could leave you with significantly less than you thought. Remember, it is not how much you get, but how much you keep — that’s the bottom line.