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Slow-Sell Your Business - The Wealthy Accountant

The Wealthy Accountant·Keith Taxguy, EA·about 1 month ago
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Starting a business is hard. Finding the right product and market are only the beginning. Customer service, employees, accounting and planning all take time. Who has time to think about an exit strategy when you are occupied with growing your business? Yet one of the most important events in the lifecycle of your business is selling. Selling is a large part of the profits your business will ever provide you. And most of this gain is taxed at a lower rate (long-term capital gains) than ordinary income. Just walking away is the worst choice. Too many business owners push off planning their exit. They want to stay at their post until they are too old to stand at said post. It is a sure recipe for leaving clients/customers hanging; it leaves valued employees without a clear future. All too often business owners consider selling their business as an all-or-none proposition. There is a better way. You can slow sell your business. Slow-selling can increase your selling price by more than 50%.…

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