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Advance Your Wealth - Five Ways to Ease the Tax Bite When Selling Your Business
Episode 413rd January 2024 • Advance Your Wealth With Homer Smith • Homer Smith
00:00:00 00:27:20

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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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