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.
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