After years of hard work, you finally built your business into something that others were clamoring to buy. You chose a buyer, settled on a price and closed the deal. Now you find yourself sitting on a big pile of cash with nothing to do. Where do you go from here?
Tax Ramifications of Selling a Business
The first thing you should do after selling your business is figure out your tax liability. How you are taxed will depend on two different things, the types of assets you sold and the structure of the business itself.
