Ringers Posted October 11, 2018 Report Share Posted October 11, 2018 A client of mine with a Dental Practice S-Corp informed me today that he is meeting with a large firm next Wednesday at dinner at which time they are going to present an offer to buy his practice. He wants me to give him a concise list of what will happen depending on how the sale is structured (e.g. stock sale vs. asset sale). Does anyone know of a short current summary of the different tax ramifications of each type of sale? He bought the practice 30 years ago for $25K and will sell for $1.2M. All of his assets are fully depreciated.. Quote Link to comment Share on other sites More sharing options...
Lee B Posted October 11, 2018 Report Share Posted October 11, 2018 I 100 % guarantee you it will not be a sale of stock. 3 Quote Link to comment Share on other sites More sharing options...
Max W Posted October 11, 2018 Report Share Posted October 11, 2018 It looks to me that he is essentially selling good will - his client list. Thirty years in business, would lead me to think that most of the equipment is old and of little or no value and the buyer would want to modernize. This could be a sticking point as your client would want something for it. 3 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted October 11, 2018 Report Share Posted October 11, 2018 Can he get an installment sale to reduce his taxes? 2 Quote Link to comment Share on other sites More sharing options...
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