LOI language for a Forgivable Seller Note

by a searcher from Northwestern University - Kellogg School of Management

1 year ago

Does anyone have LOI language for a Forgivable Seller Note you are willing to share? I would love to review 'SBA approved' Forgivable Seller note examples. Thank you.

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intermediary from Pepperdine University

I'd suggest talking with a good tax attorney. Generally when loans are forgiven outside of a bankruptcy reorganization the amount that is forgiven can be considered "debt forgiveness income" by the IRS and may be taxable.

1 week ago | like reply | 0 likes

lender from Urbana University

An attorney experienced with M&A and SBA transactions is best to opine on this question.

4 months ago | like reply | 0 likes

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