Selling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale.
On the latest installment of Advance Your Wealth, we’re looking at five ways business owners who sell their companies might mitigate taxes.
Let’s dive in!
0:00 - Introduction and overview on the topic of the day
1:35 - The top-of-mind concerns for entrepreneurs selling their business
3:31 - Transferring assets regularly over time
5:20 - Section 1202 and the benefits of leveraging this approach
7:11 - How trust planning and charitable planning factors into the sale of a business
10:35 - Navigating gifting strategies prior to the sale of a business
12:56 - A big conversation with business owners after the business has been sold
16:54 - How life insurance solutions can add value
21:18 - Homer's one big takeaway!
23:31 - How to get in touch with Homer and his team
24:32 - Closing remarks
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