Your Golden Goose: Keep or Sell?

2021-08-27T11:58:53-05:00By |Agriculture, Newsletter Archive, Professional Services, Succession Blog, Succession Matrix-10 Point Perspective|

Dealers are seeing record profits in spite of a global pandemic and limited inventories.  This has many dealers wondering if they should be building the portfolio by buying more stores or taking advantage of the market and selling to get top dollar, and others are wondering what will happen if they just stay in [...]

Taking “IT” to Another Level – Leaning Into An Alter Ego

2021-09-22T08:16:04-05:00By |Automotive, Succession Blog, Video|

Want to be a better leader, a better communicator, create more options, and move closer to what you want? Alter egos creates the opportunity to turn up or down characteristics, strengths, etc. in certain environments. You can borrow success patterns from one area of your life or leaders/influencers you respect [...]

Succession Planning – Create Options & Avoid Catastrophe

2021-08-17T14:36:43-05:00By |Multi-Unit Franchising, Succession Blog|

It’s been nearly two years of navigating uncertainties brought on by COVID-19. Wouldn’t it be nice to change the narrative and focus on “THE KNOWN” and what we can control? The first KNOWN is our current tax laws, and that they will be changing. In the recent series: “What’s Up with President Biden’s Tax [...]

When are Taxes Going Up on Capital Gains?

2021-08-11T12:31:22-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

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 [...]

How to Create Boundaries Between Family and Business

2021-09-22T08:18:49-05:00By |Dr. Merlot, Succession Blog, Video|

The focus for this installment of  “Dear Dr. Merlot” is Family Governance. Family Governance policies are the first step to create boundaries between the family and the business.   The specific question we will cover from Loyd's book Family Business Heartburn Relief: Answers to Gut-Grinding Family Business Questions is:   How do the [...]

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

2021-08-11T12:22:25-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

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 [...]

Die Hard Lesson #337 – Plan Or Die, Don’t Do Both

2021-09-22T08:17:09-05:00By |Succession Blog, Succession Matrix-10 Point Perspective, Video|

 A plan is simply a snapshot in time. It considers all assumptions made at the time of developing it has played out exactly as prophesized. But, our worlds are action-packed and dynamic, which leads to the saying by Robert Burns “The best-laid plans of mice and men often go awry. [...]

What Is Happening with 1031 Exchanges For Real Estate?

2021-08-11T12:16:10-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

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 [...]

What Assets You Should Gift and To Whom?

2021-08-11T12:03:52-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

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” [...]

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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