Jeff Bannon

Partner

Succession Advisor

jeffbannon@rawlsgroup.com

818.702.0889 x 1125

Los Angeles, CA

Executive Assistant

Stacey Philipsen
818-702-0889, extension 1158
stacey@rawlsgroup.com

Articles by Jeff

Jeff partners with the owners of capital-intensive businesses and their families to help navigate and attain their long-term business strategy and succession planning goals. For over a decade Jeff has collaborated with high-net-worth individuals and their advisors addressing complex personal financial and estate planning dynamics to ensure the business and family can thrive for future generations. Jeff has experience working in industries including multi-unit franchising, automotive retail and professional services addressing the sell/keep crossroad with business owners.

Jeff helps owners develop management bench strength and unravel complex interpersonal issues. He is frequently requested to speak and has authored articles for a variety of industry and local publications about strategies owners can use to overcome the complexities facing business succession. Jeff graduated with a bachelor’s in Economics from the University of California Santa Barbara and played professional baseball for eight seasons. Jeff enjoys spending time with his family, an array of outdoors sports and activities, and coaching little league.

All Articles

Strategies Evolve as the Business & Family Evolves

Roland Spongberg became interested in succession planning after a car dealer friend shared difficulties he was experiencing with his siblings. With no desire to cash out, and a father of six kids, with some working in the business and some not, Roland began thinking about the future and opportunities he wanted to create for his family and business. As our world constantly changes around us, so do family and business. Thirty-five years ago, Roland started WKS Restaurant Company with one El Pollo Loco. As of today, it has grown to 375 restaurants in 19 states [...]

Succession Podcast: Where Are All of the Leaders

Jeff Bannon a Partner of The Rawls Group and Aicha Bascaro, President of American Franchise Academy discuss leadership – keys for developing people, attracting top talent, and creating opportunities within your franchise organization for growth. Many franchisees dream of going from owning one unit to becoming multi-unit business owners and building generational wealth.  However; growth is challenged by a worker shortage. Topics discussed in this podcast episode include: Primary challenges franchisees are facing related to talent Changes in motivation or expectations of up-and-coming leaders  Why franchisees struggle to recruit people out of college as an attractive [...]

When are Taxes Going Up on Capital Gains?

As of August 2021, because Capitol Hill has yet to agree on funding, the timeline is still anyone’s guess. In the Green Book, which is the White House’s policy wish list, their goal is to increase long-term Capital Gains significantly. Even though we can’t speak to the timeline yet, tax increases are top of mind for most business owners due to the proposed increases. From the standpoint of gifting assets, the timeline to complete the process by the end of the year is very close. Valuation firms, attorneys, and other key advisors required to complete the [...]

What is the Lifetime Gift Tax Exemption and When Will It Be Cut?

Currently, as of August 2021, the Lifetime Gift Tax Exemption for each individual is about 11.7MM per person, which is the highest in history. This means a married couple could gift about $22.7MM to the next generation tax-free. However, based upon the White House’s wish list of how to fund the infrastructure and other government funding items, they propose cutting the Lifetime Gift Tax Exemption in half.  As a result, taking advantage of the Lifetime Gift Tax Exemption before the end of the year is of high urgency. In this episode of the “What’s Up [...]

What Is Happening with 1031 Exchanges For Real Estate?

Currently, as of August 2021, a 1031 exchange allows a taxpayer to avoid paying capital gains taxes when selling an investment property by reinvesting the proceeds from the sale, within specific parameters, into another property(s). Up until now, this part of the tax code has been helpful to those selling and buying real estate as they are not burdened by the taxes on something they do not have any cash flow from since they rolled over those funds. Like the Lifetime Gift Tax Exemption, the 1031 Exchange is part of the White House wishes list [...]

What Assets You Should Gift and To Whom?

Making gifts and considering changes in tax law is one piece of the succession planning puzzle. When working with business owners, we often find that they have had some of the best tax planning money can afford. However, when designing the plan, they let the “Tax Tail Wag the Dog” and did not think about how it would impact next-gen motivation, family harmony, and positioning the business for success. Listen in as Jeff Bannon, a succession planner with The Rawls Group, and Kevin Gilbreath, a tax partner with Crowe, share what smart business owners do [...]

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What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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