taxes

Friends Don't Let Friends Sell Businesses

Friends Don't Let Friends Sell Businesses

“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!