MINIMIZE TAX IMPLICATIONS WITH ESTATE AND TAX PLANNING

Exit planning is not a short-term strategy. It is a long-term view of the future of your business and how you will transition to retirement or another professional endeavor. When business owners are asked if they have a formal exit strategy, the most common response is, “No, I haven’t had time to think about that yet.” Now is the time. The sooner, the better.

Exit plans consider the imminent horizon and look out to the future. It doesn’t matter if you plan to transfer ownership to family or employees or sell to a third party. You want to make sure you get an equitable payout for your share.

• The role estate planning plays in your exit plan
• Tax implications of the sale or family transfer
• What to look for in an advisory team