Some of these steps protect the buyer, like settling your sales tax accounts so they can get a permit. Others protect you, like claiming the capital gain deduction or closing your company properly after the note is paid.
Your CPA and attorney decide what applies to your deal. For value first, ask for a free valuation, read how valuation works, or call (405) 555-0158.
- OESC account
When you sell an Oklahoma company with employees, the buyer can take over your OESC account and rate. What transfers and what you must tell the buyer.
- Capital gain deduction
Oklahoma can let you deduct a qualifying gain from selling your company. The holding periods, the headquarters test and what to plan before the deal.
- Personal property rendition
Every Oklahoma County business files a personal property rendition by March 15. How it works in the year you sell, who pays the bill and how to split it.
- Sales tax on equipment
Oklahoma treats the fixtures and equipment in a business sale as taxable. How it works, how inventory and vehicles are handled and how to plan the allocation.
- Secretary of State filings
What to file with the Oklahoma Secretary of State after you sell: keeping the annual certificate current, when to dissolve and what changes in a stock sale.
- Tax clearance and successor liability
An Oklahoma buyer can't get a sales tax permit until your state taxes are settled. How the successor rule works and why buyers hold back part of the price.