For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.
![If your business has co-owners, you probably need a buy-sell agreement](https://www.seilersingleton.com/wp-content/uploads/2024/07/shutterstock_2479050589-1.jpg)
For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.
Business owners: When creating a succession plan for your company, you’ll ideally want to account for three separate timelines. Here’s a brief look at each.
When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or worse tax results after the acquisition.
Most business owners know that a valuation will be necessary if they decide to sell their companies. But there are other reasons to consider engaging a qualified appraiser.
When making a succession plan, business owners will want to consider these three critical factors.
Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If you are considering buying or selling another business, it’s important to understand the tax...
If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax...
For business owners, succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition, and perhaps grooming a successor, years in advance. And you shouldn’t officially hand over the reins until many minute details have...
Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and liability coverage. For a company with more than one owner, there’s an additional type of risk-management arrangement that needs to be established: a...
Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks, especially if you own a pass-through entity. But you also should look out for your own financial future. For example, you...
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