Originally published by WRAL TechWire — Bandwidth , a Triangle-born provider of communications-related services that has grown into a venture with global reach, might be riding high at the moment after recently hitting the $2 billion valuation mark. But as its founder and CEO David Morken can attest, it hasn’t always been smooth sailing. He credits one thing for getting him through: his Christian faith.
“We are heading into the season where many business sales are going to wrap up and close before year-end. Typically, there are lots of good reasons to close a deal before year-end.” But there’s much more to it.
In this post, Bill High reminds leaders of the pros and cons of a business sale. He highlights a great opportunity during this process “If an owner donates some of his or her ownership interest prior to the sale, they can deduct the fair market value of the shares donated. Taxes go down. Giving goes up.” The key is in planning ahead!