Hello,
quick question...if I wholly own my private business, and someone offers to buy it for $1 million and I accept.... Is my take home $1 million less taxes and lawyer expenses involved? Or is there some rule of thumb for if I sell a business I own 100% of, what percentage I would actually take home after given expenses?
Thanks
quick question...if I wholly own my private business, and someone offers to buy it for $1 million and I accept.... Is my take home $1 million less taxes and lawyer expenses involved? Or is there some rule of thumb for if I sell a business I own 100% of, what percentage I would actually take home after given expenses?
Thanks