Selling your business is just the start. Here’s what to expect post-sale.
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Taxes: Capital gains tax applies (15-20% for most). Consult a CPA for deductions.
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Transition: Train the buyer (1-6 months typical) to ensure smooth operations.
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Non-Compete Clauses: Be ready to sign one restricting new ventures.
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Financial Planning: Reinvest proceeds or plan for retirement.
Tip: Use a tax advisor to explore strategies like installment sales to reduce tax hits.
Example: An owner saved $100K in taxes by structuring a staggered payout.
Plan your exit for peace of mind.
Michael Shea represents the Tampa Florida Transworld office. In business since 2005, he has established a reputation as a trusted business broker across Florida’s key markets- from Tampa to Orlando, Melbourne, and more. Over the past two decades, Michael and his team have closed over $1 Billion in sold business volume and presided over more than 450 transactions. His credentials include the IBBA Certified Business Intermediary®, and most recently, the prestigious Certified Exit Planning Advisor® (CEPA) credential.