How State and Local Taxes Can Affect Your Business’s Exit Strategy
Exit strategies for a company involve planning and execution on various fronts, including handling state and local taxes. These strategies are crucial for minimizing tax liabilities and ensuring compliance with legal requirements. Here are three short steps for formulating an exit strategy with a focus on state and local taxes: 1. Determine the Exit Strategy Type Assess the Type of Exit: Whether selling the business, merging, going public, or dissolving, each type of exit has unique state and local tax