What is the name of your state (only U.S. law)? IL
I own a portion of an S-Corp, and due to ongoing differences, my business partner and I are splitting up. He is planning on buying my shares once we agree to a value (waiting for accountant's valuation as agreed upon in our buy/sell agreement). How will I be taxed on the funds received?What is the name of your state (only U.S. law)?
I own a portion of an S-Corp, and due to ongoing differences, my business partner and I are splitting up. He is planning on buying my shares once we agree to a value (waiting for accountant's valuation as agreed upon in our buy/sell agreement). How will I be taxed on the funds received?What is the name of your state (only U.S. law)?