Tax Aspects of Selling Your Business and
Net Proceeds


Tax Aspects of Selling Your Business and Net Proceeds

When selling a business, there are three parties to every transaction, the buyer, the seller and Uncle Sam. Selling a business usually results in a significant tax bill. If you’re not careful, you can wind up with less than half the purchase price in your pocket, after all taxes are paid! However, with skillful planning it’s possible to minimize or defer at least some of these taxes.


Learning Objectives:

  • Obtain a basic understanding of how much tax will be paid on the sale of a business
  • Obtain a basic understanding of how the sale transaction structure can increase or decrease taxes on sale
  • Identify some tax planning strategies that will defer or reduce taxes on sale of a business
  • Identify how to avoid some costly surprises from the IRS when selling a business


Meet the Presenter:

Hear from industry expert Shaun Simma, CPA, CVA, CEPA, about tax aspects of selling your business and net proceeds.

Meet the Presenter


Thank you to our sponsoring firms:


This meeting will be held at the Minneapolis Club with Club Entrepreneur.

Address: Mpls Club, 729 2nd Ave, Minneapolis, MN 55402


The EPI Local Chapter is different than other groups because it brings together a diverse group of professionals from a wide range of specialties that can naturally work collaboratively on exit planning, succession planning, value growth, transaction or any engagement from both sides of the equation. The chapter meets regularly to network, reconnect, grow knowledge, and sharpen their skills with a common goal: Change the outcome for transitioning business owners. Make plans to join us for future events and connect with the local leadership by visiting

About the Presenter

Shaun Simma

Shaun Simma

Shareholder at Simma Flottemesch & Orenstein, Ltd

Meet Shaun Simma.

Position – Shareholder at Simma Flottemesch & Orenstein, Ltd
Education – BS Accounting University of Minnesota Carlson School of Management

Professional Experience – Shaun M. Simma is a shareholder with Simma Flottemesch & Orenstein, Ltd. He has 30 years of public accounting experience specializing in tax, business valuation and transition planning.

Professional Memberships – American Institute of Certified Public Accountants; the Minnesota Society of CPA’s, National Association of Certified Valuation Analysts, and the Exit Planning Institute

Professional Accreditation – Certified Public Accountant, Certified Valuation Analyst and Certified Exit Planning Advisor

Continuing Education

This meeting qualifies for the following continuing education credits:

One (1) CPE hour

One (1) CFP® Credit

NOTE: Proper documentation must be collected and submitted to qualify for continuing education. For questions regarding awarded continuing education credits, please contact Josh Koza at