Buying a Business, Amortizing Lease Value, Saving Money

A client wanted to buy a business and was not sure which business entity to use.  When we found out that the deal included assuming a low-cost lease on a huge warehouse he wanted, we advised getting a valuation on the lease and recommended forming a Corporation.  This made it possible for the buyer to amortize a portion of the purchase price over a three-year period instead of the 15 years otherwise allowed.  Choosing the correct business entity and analyzing the underlying assets allowed him to take advantage of this money-saving strategy.