beerag04 said:
My parents are selling their small business between Dallas and Tyler. My dad has always done his own taxes, but is finally listening to me that he needs expert tax advise on how best to structure the sale of the business. His preference would be someone in Tyler or close by that he can go sit down with, but open to any good suggestions.
I do M&A advisory in the middle and lower middle market.
Do you know how his business is currently structured? what kind of operation is it?
Generally, he'll want to sell stock as to avoid ordinary income on the sale of any assets inside the business.
With him doing his own taxes, assuming he does what many small business owners do and run lots of questionable "business" expenses through, selling stock may be hard for a buyer to swallow as they ultimately inherit any future tax burden.
This can all be indemnified and structured around but some more context would be helpful.