You may sell your corporation with all its business assets, liabilities, gold nuggets, works of art, intellectual properties, good name, and of course, skeletons in the cupboard. You may only sell assets of the business corporation, take its liabilities to clear before or at the closing, and keep the corporate entity intact. Both methods have their pros and cons, risks and rewards, and the tax consequences associated with it. We strongly recommend that you take advice from your CPA and your attorney when you are preparing to put your business to sale to understand the tax and legal issues. Sometimes, the intangible asset like transferable lease, license, and intellectual property rights and the like may be more valuable to the buyer than the tangible assets you offer for sale. Do take advice from your broker how best to sell what you own.