When selling a business, multi-state tax issues can result in costly delays. Depending upon the severity and complexity of the issues that are identified, a buyer may look to renegotiate the terms or simply walk away. 

Multi-state tax matters should be addressed by the seller before a buyer is involved. A company should evaluate its current situation and determine if there is any potential exposure for out of state taxes that could prevent a sale from closing. Waiting for a buyer to find these tax issues will only cause delays and could cost the seller significant dollars that otherwise could have been saved with some up-front planning. 

If you have concerns regarding Multi-state tax issues or are considering selling or buying a business, speak with a trusted advisor. To speak to someone at our firm contact Al Traverso at atraverso@smf-cpa.com or  973-472-6250.