About This Blog
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Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, business brokers, and agents. Mr. Siegel can be reached directly by phone at (925) 830-3447. |
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This Blog contains observations, tips, news, events, and case studies relating to selling or buying a small business. |
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This Blog is ideal for business buyers, business owners, advisors, business brokers & agents. |
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Opinions expressed on this site do not necessarily represent those of USABizMart. |
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Opinions expressed here do not constitute legal advice. Those interested in specific guidance for legal matters should seek competent professional advice. |
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12/15/05
1031 Exchange Options When Selling A Business
Since I last wrote my buyer went to Dealer School for one week, so there was nothing much to report. But I have been working on whether or not to use a 1031 exchange and ramifications of the purchase price breakdown.
Everybody (lawyers, accounts, escrow agents and former 1031 exchange participants) has a different version of what can be put into the exchange and what can be purchased with funds from the exchange.
So I am working towards figuring that out and closing escrow, which should be in early January. Comments & Advice From Peter:Good idea to get the advice the 1031 Exchange angle - they tend to be tricky when it comes to selling and buying a business - congrats on the close in January - it has been a long road for you and one well worth it!• Technorati • del.icio.us • Digg It • Furl • ma.gnolia • Spurl • Yahoo MyWeb
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