Recent content by graphite

the whole business is the magazine (both print and online), but I am keeping the corporation in order that I can receive payments and pay bills that will be due after transfer of ownership of the magazine and continue to work in other unrelated fields of journalism without have to dissolve the...

All of this is a great discussion and has really opened up my thinking on the subject. I am selling the magazine with no financial obligations to the new owner and all accounts receivables and payables will be handled and pro-rated as needed in the sale. If payments in my last issue are not paid...

That is true and that is a good point that is almost obvious that I missed. Thanks

yes, but only in that I will continue some journalism, probably unrelated to the magazine (unless the buyer wants me to contribute articles in the future), but I am retiring.

That all makes good sense and am working towards that goal. Thanks

I am not selling the corporation, but the assets and good will of the publication, so that sounds like it's up to me. I want to be fair to the salesperson as we had a good relationship. Just trying to figure out how to do that. Thanks for your advice. That's good to know.

I am not sure if this fits in this forum, because I am a small business owner of a monthly publication supported by advertising. I have an independent contractor who sells ads on commission only. This person sells ads generally that will run over several months, often one year. I have the...