Guides by state: selling control and keeping a stake
Each guide is written for owners of service businesses in one state who are weighing a majority sale with a retained stake. They cover the state rules, taxes and paperwork that come up first, each linked to its official source. General information, not legal or tax advice.
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Texas service business owners: bringing in a majority partner
Texas owners weighing a majority sale with a retained stake: the Texas M&A dealer rule on control, franchise tax in diligence, and the paperwork buyers want.
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Ohio owners: rollover equity and the state dealer rule
Ohio owners selling control and keeping a stake: why rollover equity is a securities question, what Ohio's dealer licensing law says, and what to gather first.
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Illinois owners: majority sales and the Business Brokers Act
Illinois owners planning a majority sale: the Business Brokers Act registration rule, the state's flat income tax, and the records a partner reviews first.
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Pennsylvania owners: tax classes and paperwork before a partial sale
Pennsylvania owners selling control: how the 3.07% personal income tax sorts gains into classes, the subsistence certificate, and what a partner checks.
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Michigan service companies: selling control and keeping a stake
Michigan owners weighing a majority partner: the 2026 state income tax rate, good standing with LARA, and the questions to settle before you sign anything.
New to the idea? Start with what an equity partner expects after you sell control and rollover equity in plain English.
We do not arrange minority investments or growth-capital raises; if one may fit, we can refer you to a registered broker-dealer.
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