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purchase contract

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When Buying or Selling a Business, You Need a Purchase Allocation

by Scott Albert Mitchem, CPA | Published On Nov 19, 2018 | Blog, Tax

By Scott Mitchem, CPA CVA CFE What is a purchase allocation and why would I need one? Too often, when negotiating the terms of the sale or purchase of a business the purchase allocation is ignored until after the sales contract is executed. The seller offers the stock...