Preparing Your Operating Company for Future Sale
Owning a business presents opportunities and challenges for tax,retirement and estate planning. On the one hand, keeping your business structure simple makes things less complex and less costly to operate. On the other hand, a more complex structure may allow you to better minimize your tax on an ongoing basis and also allow you to minimize the taxes payable in the future if you eventually sell your business to a third party.This article is the first in a four-part series intended to highlight key strategies to consider at different stages of your business. It isn’t exhaustive but it may help you gain a deeper understanding of some often strategies you are already using or that might be suggested to you.Part 1 introduces some tax planning strategies to consider when you are operating your business as a going concern. It assumes you have no immediate plans to sell but that you may consider selling in the future.
Part 1: Sale of Your Business
Part 2: Planning the Sale of your Business
Part 3: Year of Sale of Your Business
Part 4: Year After you Sell your Business