Business owners are retiring in mass numbers, but many aren't prepared for the tax and financial implications of what the exit looks like. How can we help them plan for this once-in-a-lifetime event? This session will cover key financial factors to review, how entity type can impact the end tax result as well as when installment sales should be considered to lessen the tax burden in the current year.
Objectives
Upon completion of this session, you will be able to:
- Summarize the key financial factors that play into a business exit
- Understand the tax implications of selling a business, depending on the entity type
- Outline the installment sale methodology and its importance in the negotiation process of a business exit
