Just Elementary, Inc. » Entries tagged with "Personal Property"
Who Pays Sales Tax on FF&E for a Bulk Sale Escrow
When buying and selling a business in California, there is the not so little matter of paying sales tax. Yes, sales tax when buying a business, just like you would pay sales tax on a pair jeans at the department store. The theory is that when you are buying a business, you are not just buying the Goodwill, but you are also buying tangible equipment critical in the operation of the business. That tangible property … Read entire article »
Filed under: Business Tips, Due Diligence
1031 Exchange for A Business?
Business owners often ask us, and the answer is Yes, a 1031 exchange for a business is possible. The reason business owners ask if it is possible, is they often want to exchange a business for an investment property. But, they are very rare to pull off for many reasons. However, the exchange must be like kind, so business assets can not be exchanged for an Industrial property, or any other real property for that matter. Businesses … Read entire article »
Filed under: Business Tips
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