What Buyers Want to Know in Canutillo
- Do you have customers on the New Mexico side too?
- Buyers want to know where sales come from, and whether any work across the line needs its own filings there. Your CPA can sort that out.
- Is the land part of the deal?
- If you own the lot, decide whether you will sell it, lease it to the buyer, or keep it. Many buyers prefer to lease.
- Is the business name filed under your company?
- Buyers check who is behind the trade name. Old filings in your own name can slow the bank down.
- How does work come in?
- A buyer wants to see customers find you through more than just your phone number and your reputation.
An unincorporated town with Texas rules
Canutillo has no city government of its own, so El Paso County handles local matters, and the El Paso Central Appraisal District still appraises your business property each year.
The rest of the paperwork is Texas state paperwork, the same as in El Paso. Texas has no personal income tax, so you owe no state income tax on your gain. Federal tax still applies, so plan it with your CPA.
The companies buyers find here
The Upper Valley mixes farms and orchards with yards and shops. Yard care and irrigation companies, equipment repair, building suppliers, haulers and small manufacturers all do well with room to spread out.
That room often comes with land the owner bought years ago. A buyer of the business may not want to buy the land too.
You can sell both together, sell the business and stay on as landlord, or sell the land on its own. Each choice changes your price and your taxes.
Close to the state line
Being a few minutes from New Mexico means some Canutillo companies have customers, crews or a second location over the line. Buyers will ask.
Work done in New Mexico can bring New Mexico filings, and your CPA and attorney should confirm what applies before you list.
Small filings that trip up a sale
Many older Upper Valley businesses still run under a trade name filed long ago.
If you started as a sole owner, that filing sits with the El Paso County Clerk. If you later formed an LLC, the company needs its own filing with the Secretary of State. Our guide to assumed name filings explains the fix.
Property tax is the other one. EPCAD bills the January 1 owner, so the buyer and seller usually split the year at closing. See EPCAD after a sale.
Where to start
Most owners begin with a valuation so they know if selling makes sense. Our page on selling a business in El Paso walks through the whole process, and it applies here too.
Ready for a number? Request a free valuation or call (915) 555-0193.