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purchase price |
Also found in: Dictionary/thesaurus, Financial, Acronyms | 0.02 sec. |
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In the case of internal succession, the purchase price for an owner's interest is usually based on either a percentage or multiple of the retiring partner's compensation prior to the retirement, or of fees received from the retiring partner's clients during a certain time period after the partner's retirement. Financing the entire purchase price of an industrial or commercial property can be a difficult and frustrating task for business owners because conventional lenders will rarely exceed set formulas. The correct tax treatment of the purchase price recently came before the courts. |
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