Buying a practice with a sales price based on revenue received for a few years. How should the purchase price be recorded? Can it be recorded as buyout expense, deductible in the year of payment? I have the Spidell’s Selling Your Practice publication but only for a seller’s perspective. Thank you.
You may have a problem with AB 5 and would be an employee. Not sure if the seller would agree to give you the practice after paying you for doing returns. you could do an installment sale and spread the payments out over 3 or 5 years, making it easier to make the purchase