Don’t Ignore Taxes When Selling Your Business (Unless You Want a Headache)

The serial entrepreneur is an even rarer breed than the entrepreneur, so if you’re selling a business, it’s probably the first and last time you’ll ever do so.

Which means you could use a little guidance on just what to expect, no? Especially in the always-confusing of wonderful and glorious taxes. “It’s never too soon to start thinking about the sale of your business,” affirms KPMG’s Simon Chen. “The earlier you start to prepare—by, for example, ensuring your taxes are up-to-date and you’re meeting any foreign tax obligations—the better you will be able to minimize your tax bill and defuse any surprises down the road when that attractive offer comes in.”