I'm Selling a Business
Have you sold or are you thinking of Selling your Business?
Whether you plan on selling your business to a non-family member or a family member, I will work with you and your team of experts to ensure that you have planned your sale in the most tax efficient manner, with the proper legal documentation.
By working with me, I will help you manage the investments from the proceeds of the sale and help you create a financial plan that can give you an idea of the after-tax proceeds that will be adequate to meet your retirement goals. Consider these strategies:
•If your business is unincorporated, consider incorporating and selling the shares to utilize the capital gains exemption.
•Consider setting up an Individual Pension Plan or a Retirement Compensation Arrangement which may help to defer some of the tax upon the sale of your business.
•If your sale isn’t imminent and the value of your business is increasing, an “estate freeze” may allow future capital gains to accrue to other family members.
Contact me for further assistance in managing the sale of your business.
