California Auto Dealer Newsletter – Costs of Selling Your Business

December 2021

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Over 30 Years of Handling Buy/Sells for New Car Dealers


Clients are often surprised by the costs of selling their business, which is why a comprehensive review should involve an accountant and lawyer. Here are a few things your advisors should be paying attention to and including in their analysis.

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Many accountants are making S elections for their clients’ limited liability companies with significant consequences that may not be understood. Here are five reasons why your accountant and attorney should be communicating on tax elections for your LLC.

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The February 2021 Supreme Court case on meal period pay has left some employers confused and uncertain whether they can ever comply with the laws. Learn more about the Court’s ruling and what you can do to reduce potential liability.

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Several new laws go into effect January 1 that affect the way dealers will need to handle compensation, release agreements and arbitration agreements.

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Erin K. Tenner is a partner with Gray·Duffy, LLP and has been legal counsel representing auto dealers in buying and selling auto dealerships for more than 30 years. She can be reached at 818-907-4071 or [email protected].


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Gray·Duffy, LLP

Southern California

15760 Ventura Blvd.

16th Floor

Encino, CA 91436

(818) 907-4000 

Northern California

555 Twin Dolphin Drive

Suite 300

Redwood City, CA 94065

(650) 365-7343 

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Please Note: 

These articles are necessarily general in nature and do not substitute for legal advice with respect to any particular matter. Readers should  consult  with an attorney before taking any action affecting their interests.

California Auto Dealer is a registered trademark. The content of this newsletter may not be duplicated without permission. If you know someone who would like to receive this newsletter, have them email Erin Tenner: [email protected]

Please Note: This article is necessarily general in nature and is not a substitute for legal advice with respect to any particular case. Readers should consult with an attorney before taking any action affecting their interests.