hi. Can you see my chat box?
who will be responsibe for that portion of the taxes? - the seller, who has sold the shares (minority partner) to the buyer (majority partner), will be responsible for the tax.
the seller will be the one who will be liable for tax
No wonder he agreed to settle.
I assume you are the seller?
yeah - and after 14 years together he orchestrated my replacement by his sons and then started refusing to do distributions and hitting with huge tax bills
sorry to hear that. Did I answer your question?
hittine me with huge tax bills to get me to give it back. I got an attorney, they got it to mediation and he agreed to an amount - now he can just have me pay morein taxes than I'm going to get