What is the best way for a sale of business?

[anhmazingfood]

I see the transfer options but it mentions that you doesn't support sale of business. Seems confusing that transfer of account requires SSN/EIN but doesnt support sale of business?

[frances_a]

Hello @anhmazingfood

Here's the information I found on why we don't support sale of business. 

"Square does not support transferring an account during the sale of a business because this disrupts tax reporting for the new owners. All payments will continue to be attributed to the taxpayer information on file at the time of issuing 1099-Ks."

If you are selling your business, the new owner would need to start a new Square account. 

You can export your items so the new owner can import them into their new account. 

Let me know if you have any questions!