If you sell of part of your business, does the sale income become yours or belong to the company?

View More Business Finance QuestionsPosted 4/11/10 at 3:37pm

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It depends if it is a public company or private. Private the sale income belongs to you and you will be taxed for capital gain. Public the sale income belongs to debt holders first, preferred stock share holders, and then shareholders. Along with all the company's assets.

Posted 4/21/10 at 9:39amWas this answer helpful? Yes / No

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