…but in this world nothing can be said to be certain except death and taxes. Benjamin Franklin, 1789.
These words remain as true today as they were over 200 years ago in Benjamin Franklin's letter to Jean-Baptiste Leroy. What is less uncertain these days is the amount of taxes we'll pay as time goes on—especially for business owners.
Tax rates are but one of the many uncertainties of running a business. Owners wonder: Will there be a buyer for my business when it is time to sell? Will anyone want to buy a minority position in the company? Will I be able to sell the company for fair market value? Is there a way to keep the company in the family and generate cash for retirement? Will I be able to sell when I want and only as much as I want? And, of course, what will the tax rate be on the sale of the company?
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