Home | Business News | Browse by Publication | C | Community Pharmacy

Pharmacy Business: Selling up without enriching the taxman.

Publication: Community Pharmacy
Publication Date: 12-JAN-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Andrew Shilling looks at how to sell your pharmacy business without giving the taxman a seasonal bonus

Every business owner must eventually retire, and many will pass on their business to their sons or daughters. However, in many cases, there are no reliable or willing heirs. In these situations, the business owner will usually sell up to a third party. However, unless the sale is executed correctly, the business owner could face a large, and mostly unnecessary, tax bill.

So how do business owners minimise their tax bills when selling up?

Assets or shares?

Most businesses are contained within companies in which the business owner holds shares. However, there is a degree of tension between buyers and sellers in negotiating the sale of a company.

Many buyers wish to pursue `asset deals' where they buy the business directly from the company, rather than buying shares in...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Community Pharmacy
Smoking cessation: Smokers are starting fresh., January 12, 2006
Product Round-up: Quitters on the increase., January 12, 2006
Product Round-up: Keep Kalm., January 12, 2006
Product Round-up: Click to quit.(Brief Article), January 12, 2006
Product Round-up: New look Medised., January 12, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.