Business Exit Planning

With prior charitable & tax planning, you can turn your business sale into a tool that allows you to build a charitable legacy, achieve substantial tax savings, and have enough wealth left from your sale to enjoy the next steps in your life. This article will discuss the planning that goes into a tax-smart exit and the importance of watching out for the assignment of income trap.

A charitable lead trust (CLT) can prove to be a guard against sudden wealth causing familial harm. It provides a tax-efficient tool with a built-in waiting period that manages the influx of wealth over time and allows the business owner and their family to engage in creating charitable impact that can bring generations together in doing good.

Qualified Small Business Stock (QSBS) is a tool that can provide not only a tax break but become a financial engine that can drive future charitable impact.This article will explain what QSBS is, the tax advantages it offers, and how it can help a business owner build a long-term charitable legacy.

For many business owners, leaving the business they built over the years can be a difficult decision. A partial exit may be the solution they need.