Business Transfer

Company transfers can impact significant portions of the tax system, both domestically and internationally. This affects both sellers and buyers. Conflicts of interest often arise, as a benefit for one party often corresponds to a disadvantage for the other. It's essential to structure the agreement so that it is favorable for both parties.

Acquisitions:

When purchasing a company, it's crucial to identify flaws and peculiarities within the target company. This means there might be inherent positive effects that lead to deductions being claimed twice for the same thing. It's not against the rules; it just happens.

Another matter is financing. How do you handle it? If liquidity is required at a specific time, are there funds available in the account at that moment? Is it possible to transfer liquidity between different companies?

Getting the right structure for the acquisition to enable deductions is crucial. It's not uncommon for buyers not to fully utilize their right to expense deductions but pay full tax on income!

Forvis Mazars guides you through the acquisition, ensuring pitfalls are avoided and that you reach your goal in the best possible way.

Sales:

Are you selling the entire company or just a part? For small deals, say 100,000 NOK, it's essentially just a matter of selling. But for larger deals, there are several considerations.

Do you have positive attributes, tax benefits, that are highly valuable for certain types of buyers? If so, you should charge for them! Should the money be invested in new business ventures? Are you selling at a profit or a loss? Taxation never arises as a standalone story but depends on how you structure the business. Therefore, it's crucial to seek assistance in structuring the business, doing things in the right order with the right components.

Forvis Mazars can guide you through the process to ensure you don't encounter any unpleasant surprises.