Tag: S election

Cashing Out of the Corporate Business (Part 2)

In the previous post, we discussed the advantages of making an S election five years prior to a corporation selling its assets.  A corporation that makes the S election typically avoids the two levels of tax (corporate level and shareholder level).  However, a corporation that makes an S election and sells its assets within five […]

Written by on May 13, 2016

Cashing Out of the Corporate Business

Business owners frequently plan to fund their retirement with the proceeds from a sale of their business.  However, they frequently fail to take the steps necessary to maximize the after-tax proceeds from the sale.  One such step relates to closely-held corporations and involves making an “S election” for tax purposes. Often, a small business will […]

Written by on April 8, 2016