Small Business Ownership Succession: The Cooperative Solution

Author(s): 
Northcountry Cooperative Foundation
Affiliated Organization: 
Northcountry Cooperative Development Fund, Northcountry Cooperative Foundation
Description: 
A sale to employees can provide an owner with significant tax breaks. Because of the IRC §1042 Capital Gains Rollover, business owners who sell at least 30% of the stock in their C-Corporation to an employee-owned cooperative can roll over the proceeds from the sale into qualified replacement securities and defer payment of any capital gains tax indefinitely.
Resource Type: 
Resource Format: 
PDF
Resource Language: 
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