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NOV
18
Creative Ways to Reduce Taxes on a Business Sale
wall-st-journal
Originally published on 07/21/2014 in The Wall Street Journal by Kelly Kearsley.

The business owner was approaching retirement and wanted to sell her manufacturing company. Although she didn't need the proceeds of the sale to fund her retirement, she had other goals she wanted to achieve from the transaction.

"She was a smart lady, and she had saved a substantial amount of money," says Scott Thompson, president of Thompson Wealth Advisors.

She wanted to exit her business and use the money to generate supplemental income. And she wanted to minimize any taxes incurred in the process. Working with her certified public accountant, attorney and business broker, Mr. Thompson devised a strategy that achieved both his client's goals...


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Thompson Wealth Advisors
Scott Thompson, CSRP
Business & Estate Consultant
704-878-6112

scott@thompsonwealthadvisors.com

 

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