In our experience, business owners like to stay in control, in control of their business, real estate, and future.  So, when we talk about giving something away, we generally get pushback from our clients.   Ultimately, the goal from a tax perspective; is to keep as much of the wealth and equity within the family and minimize what Uncle Sam takes.  There are mechanisms available if you are an S-Corp or LLC that allow you to transfer just about all of the equity without giving up control.

Listen in as Jeff Bannon, a Succession Planner with The Rawls Group, and Kevin Gilbreath, a Tax Partner with Crowe, discuss various strategies that will allow you to remain captain of your ship while removing the value from your estate.

For more on this topic, check out the other episodes:

As you listen to this episode you will walk away with key takeaways and will realize you will want more. Leverage our Succession Readiness Survey A 7-minute investment in time will put you in an informed position of opportunities many business owners overlook impacting business value, growth, lifestyle, and ultimately achieving your vision.

Music provide by:

Personal Financial Planning

Estate planning is a complex endeavor, especially for owners of capital-intensive complex business’. Throw active and inactive family into the mix and trying to figure out what is fair, how to provide opportunities for the next generation without enabling them, and maintain family harmony.

Click the following link for more drill-down resources on Personal Financial Planning.

In complex family and business environments, it is imperative to lean on expert legal and tax advice who specialize in the same size business and estate as you.  We are not attorneys or CPAs but know experienced advisers if you are looking for sophisticated advisory services.

Sign up for our monthly e-newsletter to stay informed on how to overcome related succession planning issues.

We can provide insights and other resources and assess whether it makes sense to work together. In just 30 minutes, you may gain actionable ideas that you can immediately apply to your business. Contact us via phone or email below, or fill out the “Ask An Expert” form.