Legal Question in Business Law in Pennsylvania
company buy out
i am a 49% owner in a business and LLC and another gentlemen owns 51%. someone is going to buy 51% (the majority) of the company. the whole company is valued at $200,000.00. if this sale goes through, what tax ramifications are for me as owner of 49%.
Asked on 7/13/07, 5:01 pm
1 Answer from Attorneys
Roger Traversa
Arjont Group (Law Office of Roger Traversa)
Re: company buy out
Let me get this straight, you are a business owner and somehow think that tax advice obtained based on minimal information and offered for free will be adequate or useful to you?
I have just the advice you need. Go see a tax lawyer and get proper advice.
Regards,
Roger
Answered on 7/13/07, 10:28 pm