When owners are thinking about selling their businesses or transferring them internally, they don’t often realize just how much of their hard-earned wealth will go toward paying taxes. After all, the tax bite is often at least 30% and can be as high as 50% or 60% of the sale proceeds! However, there are tax planning techniques that you can employ before the transaction to keep taxes to a minimum and negotiating that can be done during the transaction to minimize taxes.
You don’t need to be a tax expert, but you do need to have a basic understanding of how business transfers are taxed so you can assess different transfer options and understand how much you will “net” from each. If you don’t net enough and the sale is consummated, you may be forced to continue to work in some capacity or make significant lifestyle changes in order to have enough money to live the rest of your life. Understanding the fundamentals of how business transfers are taxed will enable you to evaluate the components of buyers’ offers much more thoroughly and negotiate accordingly.
Business Transition Academy is pleased to offer our exclusive business owner seminar, Learn How to Increase Business Value, Save on Taxes, and Achieve Your Goals.
During this information-packed, one-day seminar in Tampa on March 4, we will cover:
- The fundamentals of transfer taxes
- How much tax you might have to pay under different business transfer scenarios and for different income streams
- What you can do to decrease the taxes on the sale of your business
In addition to tax planning, we will discuss:
Business Valuation: How to Maximize the Value of Your Business and Get the Best Price
Your Ideal Calendar: How to Prepare Yourself and Develop the Life You Want to Lead
This workshop has been developed specifically for owners, their spouses, and/or co-owners who are thinking about selling their businesses, internally or externally, one day. You will leave this workshop with valuable information designed to assist you in preparing for the largest financial event of your life and help you secure the future you desire.
Registration Fee and What You Will Receive:
For only $249, you will enjoy a full breakfast and lunch and receive:
- Invaluable information on how to start planning for your eventual Business Transition
- A Detailed Business Valuation Report that compares you to your peers (value = $399)
- One-hour private consultation with one of our transition mentors to discuss your valuation report and your specific situation on Saturday, March 5 (value = $300)
- Copy of our book Cashing Out of Your Business – Your Last Great Deal (value = $17.95)
- Peace of Mind (value = priceless)
Dates and Location
Friday, March 4, 8:30am – 4:00pm (full day of live education)
Saturday, March 5 (optional, pre-scheduled one-hour consulting session)
DoubleTree by Hilton Hotel Tampa Airport – Westshore
4500 W Cypress Street • Tampa, FL 33607 • (813) 879-4800
We understand that as a business owner, you’re busy running your business, and it’s difficult to take time off. But, if you’ve ever wondered what will happen to your business when you’re ready to step away (you may even be wondering if stepping away is possible), attend this seminar to start planning for your future and the future of your business.
About Business Transition Academy (BTA)
Our mission at BTA is to educate owners about the benefits of planning for an eventual transition from their businesses. As business owners and co-founders of BTA, Jane Johnson and Kathleen Richardson-Mauro recognized the need to educate business owners about the importance of planning ownership transitions to achieve their goals and ensure business continuity.
These facts inspired Jane and Kathy to co-author Cashing Out of Your Business – Your Last Great Deal and develop companion courses, tools, and resources to inform and empower owners with the knowledge they need to plan and execute successful ownership transitions.
Today, the Business Transition Academy portal includes all of these educational tools in a Resource Center that offers free information, case studies, videos, transition guides, and more. Learn more at BusinessTransitionAcademy.com.