Kim Kamin on Why Pre-Transaction Planning Should Begin Well Before a Sale Takes Shape

Business owners often spend a lifetime building their companies, but many don’t begin planning for a potential sale until a transaction is taking shape.

In this article for Investments & Wealth Review, Chief Wealth Strategist Kim Kamin examines the often-overlooked planning opportunities available to business owners before a liquidity event occurs. While business sales are often viewed through a financial lens, Kim highlights the importance of addressing non-financial factors, including family dynamics, succession goals, and emotional attachments.

By engaging in proactive planning, owners can ensure their families are financially protected, reduce potential family conflicts, minimize the impact of future transfer taxes, and reduce the extent of income taxes due upon sale.

Through a discussion of strategic lifetime gifting to dynasty trusts, freeze techniques, contingency safeguards, charitable planning, and tax-loss harvesting strategies, Kim demonstrates how the most significant transaction planning benefits can be achieved before a sale is even contemplated.

Read the full article here.

Gresham Partners, LLC is an investment adviser registered with the Securities and Exchange Commission (“SEC”). Registration with the SEC alone does not imply a certain level of skill or training. This article is for informational purposes only and is not intended to provide investment, wealth planning, or tax advice. Gresham Partners, LLC does not provide tax, legal, or accounting advice.