Considerations for owners selling all or part of their company

March 17, 2012

Impending Sunset of Bush Tax Cuts on 12/31/2012, combined with new healthcare tax, will significantly increase the tax liability on the sale of a business and thus reduce net proceeds to selling owners. Although we at Butcher Joseph Hayes can’t predict whether Congress and the President will pass new tax legislation this year, we know that our clients should be analyzing how it may affect their succession plans.

Note

Amounts and rates set forth under U.S. tax laws sourced from current public sources, including the Internal Revenue Code of 1986, as amended, in addition to regulations and other public announcements made by the U.S. Department of the Treasury and the Internal Revenue Service.  Information is subject to change without notice.  Rates may vary based on individual circumstances and may be estimated.

Notice & Disclaimer

The material contained herein is not an offer to sell or the solicitation of an offer to purchase an interest in any security nor is it investment, legal or tax advice.  Butcher Joseph Hayes LLC does not offer investment, legal or tax advice.  You must consult with your investment, legal or tax advisors regarding your personal circumstances.  This material cannot be used for the purpose of avoiding penalties that may be imposed under tax laws. The information contained herein is provided for illustrative informational purposes only and may not be relied upon in any manner as investment, legal, or tax advice.  All information with respect to companies and industry data have been obtained from sources believed to be reliable and current, but accuracy cannot be guaranteed. In regard to any performance information contained herein, past performance is no guarantee of future results and there can be no assurance that future investments will achieve comparable results.