Selling your business? Consider the taxes, first

Your business is the product of your imagination and sweat. As with all things in life, time marches forward and situations change. Eventually there may come a time when you wish to slow down and retire, or move to another city, or just start another business, and when you're negotiating the sale of your business, you should pay particular attention to the structure of the deal and the resultant tax consequences.

Generally, there are two ways to sell a corporation:

1. Sale of stock