ANYONE WITH EXPERIENCE ON SECTION 1202?

I am working on an asset purchase deal and need to decide whether to form the new entity as an S Corp or as a C Corp for the purpose of taking advantage of the Section 1202 capital gains exemption down the road when we exit (https://rsmus.com/what-we-do/services/tax/federal-tax/corporate-tax-services/understanding-the-qualified-small-business-stock-gain-exclusion.html).

Interested to hear from any buyers who have been through this decision process and how you landed where you did. Also interested to hear from any lawyers/accountants who could share thoughts on the tradeoffs and potentially advise me on the decision.



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