The case of Select Machine shows that selling the business to a worker co-op with a 1042 rollover lets owners defer capital gains taxes & get a good price. This works for small businesses willing to sell gradually & comfortable with employee ownership and governance control.
Understanding a practical application of 1042 rollover and how associated tax benefits can help an owner generate higher proceeds
The 1042 roll-over cooperative in practice: A case study of how Select Machine became a co-op
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