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Buying and Closing on a Business

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R

rframe

Junior Member
What is the name of your state? South Carolina

I am currently in the final stages of purchasing a business in South Carolina. My question is this: Is there any benefit to closing on the sale before the end of 2005 versus closing on or after Jan. 1, 2006. Are there any tax benefits, etc... :)
 


S

seniorjudge

Senior Member
rframe said:
What is the name of your state? South Carolina

I am currently in the final stages of purchasing a business in South Carolina. My question is this: Is there any benefit to closing on the sale before the end of 2005 versus closing on or after Jan. 1, 2006. Are there any tax benefits, etc... :)
Click to expand...
You have very good questions to ask of a tax accountant.

And soon.
 
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