Paul Peters - Best Selling Author and TV PersonalitySelling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale.
On the latest installment of Advance Your Wealth, we’re looking at five ways business owners who sell their companies might mitigate taxes.
Let’s dive in!
Chapters:
0:00 – Introduction and overview on the topic of the day
1:35 – The top-of-mind concerns for entrepreneurs selling their business
3:31 – Transferring assets regularly over time
5:20 – Section 1202 and the benefits of leveraging this approach
7:11 – How trust planning and charitable planning factors into the sale of a business
10:35 – Navigating gifting strategies prior to the sale of a business
12:56 – A big conversation with business owners after the business has been sold
16:54 – How life insurance solutions can add value
21:18 – Homer’s one big takeaway!
23:31 – How to get in touch with Homer and his team
24:32 – Closing remarks
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