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Michael Shea

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Understanding the Tax Implications of Selling Your Business

July 2, 2025 by Michael Shea PA

The buyer and seller must agree on the allocation, and both file IRS Form 8594 accordingly. That’s where negotiation and experience matter—because every dollar you shift into goodwill instead of hard assets can save you real money.

Filed Under: Buy a Business, exitplan, exitplanning, Tampa Business Sales, tampabusinessbroker, transworldbusinessadvisors Tagged With: ccorp, depreciation, llc, michaelshea, scorp, soleproprietor, tax, taxation, transworldtampa

Different Corporation Types for Small Business

April 10, 2023 by Michael Shea PA

It’s important to consult with a lawyer or tax professional to determine which type of corporation is best suited for your small business, as each type has its own advantages and disadvantages depending on your specific needs and circumstances.

Filed Under: Business Management Tips, Buy a Business, Central Florida News and Related Articles for Business Tagged With: c corp, llc, michaelshea, professional, scorp, smallbusiness, Transworld

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