Each guide explains what the rule is, what you file, and what the buyer will ask you for. They are general information, so confirm your own situation with a CPA or attorney.
To see how these fit into the whole sale, read selling a business in Seattle.
- L&I and ESD accounts
What happens to your L&I workers' comp and ESD unemployment accounts when you sell a Washington company: what transfers, what you close and what buyers ask for.
- Seattle final return
Selling a Seattle company? Send the city written notice with the effective date, file your final Seattle B&O returns and close the license tax account.
- Capital gains tax on a sale
Washington taxes large long term capital gains at 7% and 9.9%. How it applies when you sell a company, and who qualifies for the family business deduction.
- REET on a controlling interest sale
Selling 50% or more of a Washington company that owns real estate can trigger real estate excise tax on the full property value. What sellers file and when.
- Sales tax on equipment
In a Washington asset sale, retail sales tax generally applies to the equipment, furniture and supplies you sell. How the price allocation changes the tax bill.
- Tax clearance when selling
Selling a Washington business? File a final return within 10 days, and expect the buyer to hold back money until DOR confirms your taxes are paid. Here is how.