TITLE

Identifying defects before selling the S corporation bank

AUTHOR(S)
James, Glenn Richard
PUB. DATE
October 2008
SOURCE
Banking New York;Fall2008 Banking Solutions, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
35067909

 

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