Selling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale.

On the latest episode of Optimizing Your Financial World, we’re looking at four ways business owners who sell their companies might mitigate taxes. Let’s dive in!

Chapters:

0:00 - Introduction and overview on the topic of the day

1:23 - Tax-related issues are top-of-mind concerns for business owners

2:51 - Transferring your assets regularly over time

4:35 - Selling your business through an installment sale approach

5:51 - The risks associated with an installment sale approach

7:58 - Opportunity Zones and how a business owner can leverage these when selling a business

9:52 - Charitable remainder trusts can be a great solution

11:47 - Addressing the income component with a charitable remainder trust

13:33 - Which of these strategies makes the most sense for you?

15:10 - How to get in touch with Mark and his team to discuss this futher

16:05 - Closing remarks

If you’re an entrepreneur, the idea of selling your business may have crossed your mind more than once. If you ultimately decide to sell your business, you’ll likely encounter two main types of buyers: financial and strategic. It’s a good idea to consider which type of buyer is the right one for you and your company.

On the latest installment of Optimizing Your Financial World, we’re exploring how these two categories of buyers could play an important part in how much you get for your company!

Chapters:

0:00 - Introduction and overview on the topic of the day

1:31 - What can a entrepreneur expect when encountering a financial buyer

3:26 - Where the seller fits into the financial buyer's vision for the sale of the company

5:26 - Where financial buyers come from

7:01 - How a strategic buyer approaches the acquisition of a company

8:58 - A strategic buyer is looking into the greater value being created beyond the sale

11:18 - The types of strategic buyers

12:36 - How an entrepreneur can decide which type of buyer would be best for them

14:14 - Advice for navigating deals with strategic buyers

15:37 - How you can get in touch with Mark and his team

16:19 - Closing remarks

Even if you’ve done excellent planning for your golden years, it’s possible to make mistakes once you’re in retirement that can prove to be costly.

On the latest episode of Optimizing Your Financial World, we’re examining some of the big mistakes that retirees tend to make along with potential solutions and, even better, ways to avoid making them in the first place.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:31 - Many people aren't aware of the financial risks that exist after they retire

3:41 - The common mistake of overspending

7:05 - Avoiding 'money talks' with family members

9:57 - Using the 'wrong' withdrawal strategy for income

12:53 - Stop making investing your part-time hobby

15:36 - Being aware of the different scamming techniques out there

18:01 - How to combat scammers in today's day and age

20:55 - Just because you enter retirement, doesn't mean you should enter auto-pilot

22:57 - How to get in touch with Mark and his team

24:03 - Closing remarks