Depending on the credit standing of the purchaser
Reader comment on: Buffett's Latest
in response to reader comment: What About the Selling Small Business Owner?
Submitted by Lyle (United States), Nov 26, 2012 17:45
It is possible to do an installment sale, when one only pays taxes on the money received. Of course this is effectively annuitizing the sale of the business. But if the business person does not consult a lawyer and CPA on the sale he probably deserves the taxes he pays. (If there is enough money to hit the thresholds) See IRS pub 537 for details.
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