biophase
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because for me all knowledge is good for me and obtaining it is an excellent use of my time. There is no such thing as stupid questions, only irrelevant ones and for the nature of this forum, I believe it is definitely relevant.
Ok I will answer your questions but most of it won’t matter or you won’t understand them because you aren’t there yet.
1. If you are a sole proprietor, LLC, or C/S Corp, how much of the sale actually goes to you? Excluding taxes being taken out.
All of it. Why would you not get all of it?
2. How are you taxed on the sale? By normal income tax or sales tax? Are there ways to reduce that tax?
Some is capital gains and some will be ordinary income depending on how you structure the sale.
Yes you can reduce them by getting paid in installments.
3. Is it possible to make the buyer pay the taxes as well as the selling price?
No. Just ask for a higher sales price.