Small business owners shouldnt wait until theyre ready to sell their businesses to execute what is likely to be the most important transaction of their lives. They need to plan for the sale years in advance, say advisors and industry experts.
If you wait until the moment theres a sale, you are caught off guard and youve not optimized your estates, youve not optimized your taxes, youve not optimized gifting, said Michael Ott, head of U.S. Banks Private Client Reserve, the banks high-net-worth wealth management unit.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access