Tax Tip #253

A successful business exit strategy requires careful planning well in advance of retirement or any other reason for an ownership transition.

Some common strategies include:

• Buy-sell agreement
• Life or disability insurance
• Key person life insurance
• Gifting
• Employee Stock Ownership Plan (ESOP)
• Obtaining a business valuation

If you’re thinking of selling your business and want a better understanding of the amount of cash that will remain in your pocket after the sale/transition and paying taxes, reach out to a Goldstein & Loggia team member for more information.