Identifying defects before selling the S corporation bank

James, Glenn Richard
October 2008
Banking New York;Fall2008 Banking Solutions, p34
Trade Publication
The article discusses factors to consider when selling an S corporation bank. Because an S corporation bank allows the buyer to take a tax deduction for what it pays, the S corporation bank commands a significant premium compared to a C corporation bank. The seller is advised to make sure that the risk of losing a bank's S corporation status is low.


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