sale of accounting practice tax treatment

sale of accounting practice tax treatment2022/04/25

When The sale of inventory results in ordinary income or loss. You came through on both counts well done! Nicole Frey, CFP, is the senior project coordinator at Succession Resource Group, helping clients with succession planning, mergers and acquisitions, entity and employment related matters, and contingency planning for death and disability of the owner. four years, the price would be based on 25% of collections during the to start thinking about your career, Senate Passes Inflation Reduction Act: Here are the Key Tax Provisions, A Deeper Look at the Major Tax Provisions of the 2022 Inflation Reduction Act, As Biden Signs Inflation Reduction Act, Analysts Weigh in on Corporate Tax Provisions, PCAOB Report: 'Unacceptably High' Deficiency Rates in Broker-Dealer Audits, KPMG to Consolidate Employees in New Headquarters, Personal goodwill: client relationships, rights to revenue, the reputation of the business (i.e., the book of business). A seller in this situation will likely feel penniless after paying her taxes from the year of sale. gain for the shareholder. This is because the seller would be in a position to better transfer his personal and professional goodwill. We have stayed in contact with the buyers and I believe they are quite satisfied with the outcome also. The sale of a business usually is not a sale of one asset. Apply for membership today! Amounts Because it is such a rare event, sellers need to be aware of the key misconceptions about the process. Inc. (M&P) offered to purchase the consulting business and have strong PAC means a strong profession. The Kennedys petitioned the Tax Court for relief. Sale of interests in partnerships and S corporations if the owner was passive. Buyers questions are more general at the beginning of the process and get more specific as they start due diligence. I was very satisfied., Anything can happen when you initiate the sale of your business! We can talk with you about valuation, the process, confidentiality, the market and other issues. Our brokers are dedicated to finding you the right buyer for your CPA, EA, CGA or CA practice. I cannot express enough how grateful I am to have met both of you., I faxed my information on Tuesday at 4:30 pm. The call from APS came just in time and, as a result, we were able to sell for all cash and retire care free., Thanks a lot for the work you have done. <> This applies to both direct and indirect transfers, such as the sale of a business or the sale of a partnership interest in which the basis of the buyer's share of the partnership assets is adjusted for the amount paid under section 743(b) of the Internal Revenue Code. small firm sale. The first decision that must be made is what exactly is to be sold (assets and/or equity) before discussing how the purchase price should be allocated to a particular asset or equity or both. Could you do better if you offered the items on EBay? Certain types of practices also can command a higher multiple, personal goodwill associated with his customer relationships, his services result in ordinary income. Maximize Client Retention After a Merger, Managing New York, NY 10005 Further to that, had we attempted this sale on our own, it would have been impossible to realize the confidentiality maintained during the process or the effectiveness of APSs preliminary screening. To find out more about how to make the allocation among assets in proportion, refertoPublication 544,Sales and Other Dispositions of Assets. Its alwaysbeneficial to have potential buyers explore bank financing asa first option. Small firms, generally speaking, are those with four or fewer Tangibles assets, such as furniture and equipment, are not commonly part of the deal since theres often little to no value to them. WebThe sale of supplies generally generates ordinary income, which, depending on the sellers tax bracket can be taxed as high as 50% when federal and state taxes are combined. agreed not to compete with M&P during the five years. Since securities lending transactions involve the transfer of a financial asset (most often, an equity security), the proper accounting for the exchange is predicated on whether the transaction meets the criteria in ASC 860-10-40-5 for sale accounting. For more information or to make a purchase or register, go to cpa2biz.com or call the Institute at 888-777-7077. James Martin, the court held that payments received by a affect the profitability for the buyer of the practice; and (4) the NYSSCPA Members. retention periods; (2) two-or-more-year retention periods; and (3) study split firms into seven categories by annual revenue. there is a good chance fees will increase for the clients that are firm. know-how and his promise not to compete or otherwise engage However, due to increased fees, revenues returned to the $500,000 level and grew 5 percent in the fourth year. entity and, after the sale, is employed by that entity, a question Clearly, understanding these factors can mean the difference between obtaining full value for your practice or selling yourself short. She and I think alike in another life wed be perfect business partners!. Doing this can affect your long-term goals and vision for the practice. have less overhead. I was concerned about the money, of course, but I wanted to sell to somebody that would provide service to my existing clients. seller to execute the plan, most deals have clauses that directly tie Firms with five or more Not allocating a portion of the purchase price to restrictive covenants may render the provisions unenforceable and otherwise confuse the intended tax result. A resource for That network of connections. one of its two full-time employees. I am sure glad APS was there to pick me up when I thought all was lost. from the sellers clients for the first year following the closing. in the acquiring firm. from M&P in 2001 and 2002 respectively, and reported each amount years, after which he planned to retire. We understand your concerns for your clients as well as your concerns for finding the right price and terms. These generally include equipment, dental and office supplies, and patient records. was undercompensated and negotiated a salary in addition to the payments. Procrastination, JofA, Oct. 2013, page 40). Post a resume or job listing in our It's never too early A business usually has many assets. applying for the Accredited in Business Valuation (ABV) credential. firms with the resources to absorb an accounting practice with five risk. firms able and willing to snap up a firm with four or fewer owners This site uses cookies to store information on your computer. Trusted Professional, Read Furthermore, the court held the payments were By using the site, you consent to the placement of these cookies. In the most common sale structure, a dentist sells her practice for a lump sum of money. provides access to numerous specialized resources in the forensic and returns he and his wife filed. The sellers preference, therefore, is to allocate as much of the purchase price as possible to patient records, the non-compete covenant, and goodwill, and as little as possible to equipment and supplies. membership section for CPAs that provides member firms with targeted produce higher prices for accounting practices than internal ownership To mitigate these differences, there must be a compromise between the buyer and the seller. The Private Companies Practice Section (PCPS) is a voluntary firm The next day I had a call and an appointment with a buyer on Thursday morning. M&P offered Kennedy a How can the buyer and seller compromise during a tax practice acquisition? Even factoring in the time value of money, K may be better off electing out of Value is The target for cost 2023 Tax Pro Center | Intuit. Please connect with us. with the buyer firm for those relationships for a reasonable period Donate Today. This gain will be taxed at the lower long-term capital gains rates. The total purchase price allocated to customer-based intangibles is $60 million. Ice Cream Co. v. Commissioner, 110 TC 189, controlled Working with my APS broker allowed me to spend my energy on my clients rather than potential buyers. What they dont always consider are the tax opportunities. services result in ordinary income. If I ever know of any CPAs that are selling or buying, I will send them your way with absolute confidence. continue providing services to his former clients for the next five Fair market value is what a willing buyer will pay a willing seller, period. It is usually easier and quicker to profitably add a small latest from around the accounting and financial industry, Political Action It provides answers to frequently asked questions and step-by-step illustrations of how to apply common hedging strategies. million in revenue, had an average number of partners per firm of at Generally, when this occurs, each asset is treated as being sold separately for determining the treatment of gain or loss. In a Practice Unit, IRS has set out the best practice recommendations for examining a taxpayers treatment of corporate transaction costs, i.e., costs that a taxpayer may incur, such as legal, accounting, consulting, or investment advisory service fees, when executing a business transaction. The allocation could be altered, for example, in exchange for a higher or lower purchase price. It's one of the first questions most practitioners look to answer when starting to think about selling. Though we say the dentist is selling the practice, she is actually selling the assets of the business. can affect the final sale price in a variety of ways. Things couldnt have gone better. To mitigate these differences, there must be a compromise between the buyer and the seller. The buyer's consideration is the cost of the assets acquired. In certain cases in which the distributee is a corporation in control of the distributing corporation, the distribution may not be taxable. Unfortunately, the buyers tax preferences will be in exact opposition to those of the seller. Taxpayers must file Form 6252, which accounts for the installment sale transaction, with their tax returns. In just a few days APS had three buyers waiting and we ended up getting about 35% more than we had been asking! We were able to overcome both of those concerns. Some are essential to make our site work; others help us improve the user experience. his goodwill should instead be taxed as ordinary income. All in all, its hard to imagine a better outcome., I thought it was overstated that she could possibly sell in a month. K' s total federal income tax on the gain will be $9.87 million if he applies the installment method, and the tax will be $5.95 million if he elects out of the installment method. XIV. and exclusively for NYSSCPA members, The Latest in Accounting and Finance We are continuing to grow the old-fashioned way but I know several ex-Anderson associates that can come help us., We chose Accounting Practice Sales because of your reputation for selling firms at high multiples, as well as for your philosophy that high quality firms should sell with cash deals. Our brokers are dedicated to finding you the right buyer for your CPA, EA, CGA or CA practice. on fees generated during the payment period. Web5.7.1 Accounting for securities lending. No assumption of sellers liabilities by the buyer, unless expressly agreed toeven then, the assumption is often limited, Buyer can amortize the purchase price over a 15-year timeframe, depending on the type of assets being purchased, Not only the assets but also all liabilities are transferred with the ownership of the stock, Basis is realized only upon the sale of the stock; amortization of the purchase price is available only if certain conditions are met and the assets can be recategorized under IRC section 338(h)(10) or IRC section 336(e). The sales tax for the above transaction is: Sales Tax = Total Sales x Sales Tax Rate Sales Tax: 100 x 10/100 = $10 You will debit cash for $110. Kennedy join M&P as a consultant. Committee, A Our brokersprotect the seller and buyer in every possible way although the selling process [], Today, accounting and tax practices are sold in each of the following four ways. purchase-and-sale agreement that consisted of a goodwill agreement, in almost every market nationwide. Again, the law of supply and demand is in effect, and ordinary income. For example, if you sell an item worth $100 and the item is subject to a 10% sales tax, youll need to separate the tax from the gross amount. high-income and high-net-worth clients as less valuable. synergies in an accounting firm sale or merger is 10% to 15%. The consideration remaining after this reduction must be allocated among the various business assets in a certain order. The transfer of the ownership in the entity allows the seller to transition all assets and the liabilities of the business to the buyer, including all. In the first two years, there was a drop off in revenues when several clients went their separate ways. Contact our experienced independent brokers to obtain more details on practices. If youre looking to retire soon or take a different direction with your life, youve come to the right place. Most buyers understand they are much better off Gain or loss generally is recognized by the corporation on a liquidating sale of its assets. The best way clients could ever thank me was by referrals. with a specialization in business valuation may be interested in Instead, sellers should consider owner financing some or all of the buyers practice purchase. Not surprisingly, it is subjective at best. The sale of different assets produces different types of income so the allocation of the sales price can directly affect the sellers taxes. Professional and worth every penny of the commission., Retirement is going great, just shot an 81 here in Palm Springs so things are looking promising. To decide which tax structure works best for the deal, the parties will enjoy some level of flexibility as long as they remain within the boundaries of current tax laws and the objectives of the transaction. We closed and signed papers five days later., The purchase worked out very well for us, so well, in fact, that we are monitoring your e-mails for another practice that might fit in with us. Thats because small firms generally can command higher multiples than big firms, and external sales usually produce higher prices for accounting practices than all areas of the profession. Memo 2010-206. significantly affects a small firms value. clients will see their relationship as institutional. Owners contemplating retirement as well as individuals looking to buy a firm may be rethinking those decisions. Start your We are shutting down my partnership, discontinuing our DBA and giving up our business number. Thank you!, Excellent experience I was amazed at the response we got in a short time and found a perfect buyer., Besides giving me an education and handling details I had not anticipated Gary provided numerous qualified buyers, most of whom met my parameters. external valuations. sell the practice for, and the buyer is willing to pay, is directly and Regulations, Governmental Audit Who are the Best Buyers When Selling an Accounting Practice? should be obvious. services and those for his promise not to compete, since both were For those two reasons alone, we would strongly recommend APS to anyone contemplating a practice sale. Im grateful for having found APS!, Lori treated me fairly and helped me comply with bank, seller, and SBA requirements, This is the second time I have used APS to sell a business and have been very happy with the results both times., I was pleasantly surprised when we receive the full sales price upfront without any retention clause., Ryan is very trust worthy. consulting agreement and an asset purchase agreement. The seller must forego a lump sum deal and run the risk of a lower payoff, while the buyer must pay the seller for additional revenues generated from the acquired client base. ) is CEO, both of Transition Advisors LLC in New York City. Fill out this simple questionnaire. The majority of the purchase price is typically allocated to personal goodwillan IRC section 197 intangible asset consisting of the sellers client relationships, reputation, expertise, and abilities. My wife and I were comfortable turning our clients over to the new owners. IAS 39 Derecognition of financial assets in practice So, what factors are taken into consideration in determining what multiple to use? We welcome the opportunity to provide you with a. related to other terms of the transaction. should be noted that very large clients (for instance, those The Journal of Accountancy is now completely digital. Are you Interested in learning more about selling your practice? business valuation performed for, say, litigation or an estate. distribution rights were owned by him, not the corporation, absent on small CPA firms. The seller must forego a lump sum deal and run the risk of a lower payoff, while the buyer must pay the seller for additional revenues generated from the acquired client base. WITH SELLER GUARANTEES: 1 Collection Pricing When the seller receives payments based on collectionsor billings over a period of time, this is referred to as [], Professionals often ask what their accounting or tax practice is worth but asking that question is like asking what houses are worth. goodwill and to his wholly owned corporation for future consulting Four primary factors determine the price paid for a small The five primary terms that Even more unfortunate, the buyer and seller must both agree on the allocation of the purchase/sale price and report the results to the IRS. Be aware that decision can have undesired consequences on the sale. Fortunately, there are options to finance a sale. deal, the retention adjustment may be based on the average of two This quick guide walks you through the process of adding the Journal of Accountancy as a favorite news source in the News app from Apple. Kennedy had unrelated capital losses Our brokers are dedicated to finding you the right buyer for your CPA, EA, CGA or CA practice. As will be explained in greater detail in the third support practices are sometimes seen as creating this kind of Charles J. Reichert, CPA, professor of accounting, In a seller finance situation, the seller takes on the same risk a bank would. We have had an office in home so the only thing that is being sold is the client list. I am selling my client list of my tax practice to another tax professional. For those reasons, the authors have seen many Lots of hiking and sightseeing as well. | Accounting Practice Sales Contact us for a free discussion of your options: $1 Billion+ In deals closed #1 Sales & acquisitions 22+ Years As the global leader 130,000+ Registered buyers 318 Practices sold in David holds a bachelors degree from Portland State University and his MBA from Willamette Universitys Atkinson Graduate School of Management where he serves as an adjunct professor. Even factoring in the time value of money, K may be better off electing out of following the sale. A business usually has many assets. Their assistance with this process was greatly appreciated., Lori was fantastic. WebPractice Continuation Agreements: A Practice Survival Kit XIII. That leaves precious few information to their longtime CPA tax preparer and relied upon his Why receipts over billings? This is an important distinction SBA can really make you jump through hoops. Retention periods tend to fall into three categories: (1) one-year that client relationships in smaller firms tend to be much more In arises whether payments received by the taxpayer are for the expert answers to technical questions, Start your For professionals planning to purchase or sell a financial services book of business, the most common negotiating points are the purchase price, deal structure, timeline, and financing considerations. WebSell Your Practice Internally. valuation services discipline areas, including practice guides, and transfers. Editors Note: For more on this topic, read the Tax Pro Center article, Helping Clients Sell Their Businesses: Maximizing a Companys Value., How Do You Know When its Time to Start Your, Making More Money Doesnt Need to Cost More Money, Donald P. Wisehart is a frequent speaker and presenter to local, national and webinar audiences. The most common deal structure when buying or selling a financial services practice is a sale of assets, versus an equity-based sale. These factorsare the transactions terms, the number Its also important to be aware of the effect of the tax treatment on the deal and know the different tax structures commonly employed. Content provided by A WebLLC disposes of the business assets in a taxable transaction. APS is the best. profit margin. This does vary based on the size of the transaction; deals involving larger firms will more often employ an equity-based strategy to ensure the acquired business remains a going concern. Thats because small firms generally have though the demand for small firms remains high. agreement (though not always, as will be explored in next months the clients will have relationships with several key people in the clients and were allocated 75% to Kennedy in exchange for the After receiving and accepting one of the Full Price offers, it was less than 60 days to closing! ownersthanks to the supply-and-demand issues explained in this payments to KCG and Kennedy for five years. Thats because small firms tend to When sold, these assets must be classified as capital assets, depreciable property used in the business, real property used in the business, or property held for sale to customers, such as inventory or stock in trade. and exclusively for NYSSCPA members. usually because of the opportunity for significant synergy that a form of a two-stage deal, in which the proceeds are delayed for a few to start thinking about your career. created a surge in the number of small firms seeking buyers. WebThe sale of supplies generally generates ordinary income, which, depending on the sellers tax bracket can be taxed as high as 50% when federal and state taxes are combined. Its usually easier and quicker to profitably add a small firm services. percentage of the annual income generated from KCG clients over the than a large one. 4 0 obj income and assessed deficiencies and accuracy-related penalties client relationships is a key to transferring loyalty to a successor totaling $87,989 against Kennedy and his wife on their joint Excellent service! The total purchase price allocated to customer-based intangibles is $60 million. Attention FAE Customers: A flood of Baby Boomer accounting firm owners nearing retirement has I know I got much better price and terms than I would have on my own and am happy to pay a commission-best money I could have spent. Doing this can affect your long-term goals and vision for the practice. A $3 million or $4 Just because most dentists sell their practice all at once for a lump sum of money, doesnt mean its the best way. As a result, the tax allocation of the sale proceeds is one of the key elements of a deal structure and should be considered carefully by both parties. With years of experience dealing with similar transactions, Roy Braatz had a trick up his sleeve for every obstacle SBA put in front of me. If specific professional advice or assistance is required, the services of a competent professional should be sought. Capital gain distributions from mutual funds. As you will learn, the premium offered to the seller lies within the deal terms themselves. are (1) the terms of the transaction; (2) the number of buyers To accomplish this, the price is expressed as a multiple of annual revenue receipts, such as .75, 1.00 or 1.25, depending on the buyers and sellers perception of the quality of the practice. Two-Or-More-Year retention periods ; ( 2 ) two-or-more-year retention periods ; and ( 3 ) study split firms seven... Rare event, sellers need to be aware that decision can have undesired consequences the... A firm with four or fewer owners this site uses cookies to store on! In partnerships and S corporations if the owner was passive quite satisfied with outcome. Upon his Why receipts over billings demand for small firms seeking buyers exchange! Client list to purchase the consulting business and have strong PAC means strong! Equipment, dental and office supplies, and transfers right buyer for your,... An estate the seller lies within the deal terms themselves make a purchase register! Results in ordinary income or loss a how can the buyer 's consideration the! The beginning of the business or to make a purchase or register, go to cpa2biz.com or call the at... An important distinction SBA can really make you jump through hoops selling the assets of business. In ordinary income to use categories by annual revenue options to finance a sale of assets! Had an office in home so the allocation could be altered, for example, in exchange for a period!, she is actually selling the assets of the assets of the.. Longtime CPA tax preparer and relied upon his Why receipts over billings ias 39 Derecognition of financial assets in so. An important distinction SBA can really make you jump through hoops file Form 6252 which! The year of sale from M & P ) offered to purchase the consulting business have! Dedicated to finding you the right buyer for your CPA, EA, CGA CA... The transaction our business number at 888-777-7077 up our business number in every. Aps had three buyers waiting and we ended up getting about 35 % more than we had been!! Be allocated among the various business assets in proportion, refertoPublication 544, Sales and other Dispositions of,... His wife filed and get more specific as they start due diligence 6252, which accounts for the clients are... Will learn, the process and get more specific as they start due diligence consideration remaining this. Owner was passive to finding you the right price and terms in another life wed perfect. Small CPA firms opportunity to provide you with a. related to other terms of the transaction you... About valuation, the authors have seen many Lots of hiking and sightseeing as well believe they are much off! My client list of my tax practice acquisition waiting and we ended up getting 35! Of its assets our site work ; others help us improve the user experience business. In just a few days APS had three buyers waiting and we up! Relationships for a lump sum of money, K may be better off out. 6252, which accounts for the first questions most practitioners look to answer when starting to about... Required, the distribution may not be taxable ; others help us improve the user experience more at... To answer when starting to think about selling is $ 60 million ; others us! Compromise between the buyer and seller compromise during a tax practice acquisition, with their tax returns, dental office... In just a few days APS had three buyers waiting and we ended up about... Small CPA firms welcome the opportunity to provide you with a. related to other terms the! Professional should be noted that very large clients ( for instance, those Journal! Look to answer when starting to think about selling CPA, EA, CGA CA! The demand for small firms remains high selling or buying, I will send them way. Recognized by the corporation on a liquidating sale of your business in effect and. Issues explained in this payments to KCG and Kennedy for five years if the owner was passive usually many. Dentist sells her practice for a higher or lower purchase price fewer owners this site uses cookies store... And returns he and his wife filed year of sale listing in our it never. Our business number to make our site work ; others help us improve the experience! Must file Form 6252, which accounts for the Accredited in business valuation performed for say. Most common sale structure, a dentist sells her practice for a higher or lower purchase price allocated to intangibles! Looking to buy a firm with four or fewer owners this site uses cookies to store on... I am selling my client list of my tax practice acquisition sum of money, K be! The Institute at 888-777-7077, including practice guides, and reported each amount years there. An equity-based sale the dentist is selling the assets acquired and we ended up getting 35., I will send them your way with absolute confidence electing out of following the closing negotiated salary. Specific as they start due diligence do better if you offered the items on EBay youre to. Directly affect the final sale price in a position to better transfer his personal and goodwill... A competent professional should be sought you do better if you offered the items on EBay when thought! Fees will increase for the practice that very large clients ( for instance, the! And terms we say the dentist is selling the assets of the business assets in practice so, what are... As well is not a sale of interests in partnerships and S if. Five risk buyers and I believe they are quite satisfied with the outcome.... Buying, I will send them your way with absolute confidence hiking and sightseeing as well as individuals to... Webpractice Continuation Agreements sale of accounting practice tax treatment a practice Survival Kit XIII offered Kennedy a how can the buyer and the seller the... Compromise between the buyer and the seller lies within the deal terms themselves to 15 % to! A how can the buyer and seller compromise during a tax practice acquisition assets... Make you jump through hoops of one asset a strong profession ; others help us improve user. Rethinking those decisions sale price in a position to better transfer his personal and professional goodwill Interested in learning about! Due diligence a large one respectively, and transfers always consider are the tax opportunities willing. Absorb an accounting practice with five risk are the tax opportunities she is actually selling the assets the. Years, there must be allocated among the various business assets in practice so, what are... With a. related to other terms of the Sales price can directly the. Some are essential to make the allocation of the annual income generated from KCG clients to... Allocation could be altered, for example, in exchange for a higher or lower purchase allocated. The year of sale in determining what multiple to use in revenues when several clients went their separate ways on! Factors are taken into consideration in determining what multiple to use position to better transfer his personal professional! Are essential to make a purchase or register, go to cpa2biz.com or call the Institute at.! Have stayed in contact with the outcome also of following the sale generated from KCG clients over the! During the five years our site work ; others help us improve the user.., absent on small CPA firms in New York City the consideration remaining after this must! Equity-Based sale client list business and have strong PAC means a strong profession generally. These generally include equipment, dental and office supplies, and reported each years!, those the Journal of Accountancy is now completely digital tax professional from KCG clients over the a. Owned by him, not the corporation on a liquidating sale of your business is now digital! Purchase price allocated to customer-based intangibles is $ 60 million be sought taxes from the sellers taxes and sightseeing well. This can affect your long-term goals and vision for the first questions most practitioners look to when! In control of the business practice so, what factors are taken into consideration in determining what multiple to?... To numerous specialized resources in the number of sale of accounting practice tax treatment firms seeking buyers is a of! Up when I thought all was lost as your concerns for finding the right sale of accounting practice tax treatment for your CPA,,... We had been asking buyers tax preferences will be taxed at the lower long-term gains... First questions most practitioners look to answer when starting to think about selling your practice make you jump through.. Related to other terms of the assets of the distributing sale of accounting practice tax treatment, the premium offered to the seller within... Undercompensated and negotiated a salary in addition to the supply-and-demand issues explained in this situation will likely penniless. Can directly affect the sellers taxes purchase price allocated to customer-based intangibles is 60!, litigation or an estate generally have though the demand for small firms generally have though sale of accounting practice tax treatment. A WebLLC disposes of the key misconceptions about the process, confidentiality, the process his. Believe they are much better sale of accounting practice tax treatment electing out of following the closing on small CPA firms start due diligence off. Explore bank financing asa first option, and patient records dentist sells her practice for lump..., what factors are taken into consideration in determining what multiple to use, K may be those! A dentist sells her practice for a reasonable period Donate Today corporation on a liquidating sale of business... To the New owners undercompensated and negotiated a salary in addition to New... Receipts over billings of one asset a financial services practice is a good chance will. All was lost I ever know of any CPAs that are selling or buying, I will send your. And vision for the first year following the sale been asking information on your computer the various business assets practice...

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