Sellers' Cost When Selling A Business

What are the cost when selling a business?

The costs include:

• Capital Gains Tax

on sale of business, It is best to consult your accountant to understand the tax impact of the sale.

• Other Tax Liability

state, county, city taxes will be due prior to or at the time of sale.

• Landlord Fees

for repairs and back rent as applicable.

• Escrow Fees

For example, for a business that is sold for $200,000, escrow fees can vary from $1,500 to $3,000 depending on escrow companies used and services rendered.

• Broker Commission

for services rendered. The commission is typically a percentage of the purchase price.

• Advisor Fees

Fees related to a CPA, attorney, or wealth manager.

Contact us today for a free consultation on your business!

In the video above, Top Business Broker Adrianna Smith discusses the different costs that sellers should consider when selling a business.

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