For most, the sale of a business is a once-in-a-lifetime decision filled with uncertainty, excitement, preparation, and most importantly, emotion. For those who started the enterprise, have worked tirelessly to grow it, or have dedicated hundreds of extra hours to ensure success, it can be a difficult time. Whether the sale is triggered by the need to retire, health concerns, or other reasons, it is important to focus on receiving the highest value for the business. While this topic initially draws the mind to the sale price, terms and conditions, and other contractual details, it is important not to forget about taxes.
Often there is so much attention placed on transactional details that tax planning and structuring is relegated to a secondary concern. Without proper planning before, during, and after the transaction, the business owner is at risk of losing a portion of proceeds to capital gains and other taxes. This is especially significant as there are several parcels of legislation under Congressional consideration which would sharply increase certain taxes if passed. To protect yourself, your family, and your future, it is imperative to be aware of the tax implications of a sale as early as possible.
View the Webinar Recording and Slides Below
Protect Your Financial Future
In this webinar recording, you’ll learn how to minimize transactional tax liabilities through effective tax structuring. Sean R. O’Connell, CPA/PFS, CGMA, PBMares’ partner and Risë Flenner, CPA/PFS, J.D., PBMares’ Director of Succession Planning, will outline the various options to consider when creating a smart tax structure for the sale of your business. This is important information for those currently selling or considering the sale of their business in the near future.