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Biden's Tax Proposal

Why Business Owners May Want to "Cash Out" BEFORE 2022


Food for Thought

We asked business owners about how they plan to exit their companies, giving them a range of choices from shutting down their companies to passing their businesses to their kids or selling outright.

Boomers were more inclined to envision selling their businesses to a third party (62.5%), compared to 55.8% of all owners, reinforcing the idea that boomers’ first priority is to maximize their take from a sale.

Just 9.9% of boomers plan to stay in their businesses for at least ten more years, compared to 18.1% of all owners. 

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The information contained in this article is general in nature and is not legal, tax or financial advice. For information regarding your particular situation, contact an attorney or a tax or financial advisor. The information in this newsletter is provided with the understanding that it does not render legal, accounting, tax or financial advice. In specific cases, clients should consult their legal, accounting, tax or financial advisor. This article is not intended to give advice or to represent our firm as being qualified to give advice in all areas of professional services. Exit Planning is a discipline that typically requires the collaboration of multiple professional advisors. To the extent that our firm does not have the expertise required on a particular matter, we will always work closely with you to help you gain access to the resources and professional advice that you need.

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This is an article originally published by The Value Builder System, and presented to you by our firm. We appreciate your interest.