When selling an independent pharmacy, a determination needs to be made about whether it will be an asset or common stock sale transaction. Mitigating your tax obligation in a sale takes planning and your entity status will be a factor in that equation. Whichever option you choose for the sale of your pharmacy, it will require planning from a tax and legal perspective.
In this video, Ollin Sykes of Sykes & Company, P.A. explains some of the considerations of both an asset sale or common stock sale so you can determine which option is right for you.
Hear more about the Asset vs. Common Stock options from a buyer perspective.
