Playing devils advocate, what if the seller backs out and breaches? What’s their "penalty"?
I hope it's a stiff amount of money and the seller also has to deposit it into escrow as well and the buyer gets it if the seller backs out.
I know it's a delicate situation, I’d be leaning towards owning it in July. Why can't the seller be treated as an associate for 3 months like any other deal where the seller hangs around? The "risks" associated with having the seller remain and work it during a 3 month time frame isn't any different that having an associate for 3 months, is it?
This first appeared on Dentaltown.
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1 comment:
Unless this is your dream practice, I would be very hesitant to go with those terms. I'm not a CPA, but a delay like that seems unusual. I would look for something more conventional, even if it means delaying your plans. In the long run, you'll be glad.
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