Is Tax Uncertainty Prompting More Small Businesses To Sell in 2012?

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Is Tax Uncertainty Prompting More Small Businesses To Sell in 2012?

By Joseph M. Donegan on July 9th, 2012

The economy remains in a slow state of recovery, small business lending is restricted, and hiring and business growth are stunted. However, it may be uncertainty over future taxes that prompts many small businesses to close their doors in 2012, according to a new analysis.

Reuters recently spoke with several business owners who are struggling to sell their companies before the year’s end. The most prominent reason many owners cited for selling revolved around potential tax increases and changes to estate and gift tax law that are expected to occur in 2013. Michael Butler, CEO of privately-owned investment bank Cascadia Capital, said his company is experiencing significantly higher call volumes from small business owners who are interested in selling before the year’s end.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Joseph Donegan, Scarinci Hollenbeck | Attorney Advertising

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