Buying or selling a business: advanced tax planning strategies to save you hundreds of thousands if not millions of dollars
Whether you intend on selling or purchasing a business or practice, this show will unveil how you can receive the highest asking price and permit the purchaser to pay with pre-tax dollars potentially saving the buyer and seller hundreds of thousands of dollars if not millions of dollars. Did you know that between the buyer and seller the amount of tax paid in the sale or purchase of a business or practice typically rivals the sales price. Lacking substantive advice this continues to be the traditional outcome but it shouldn’t be. Bill Faiferlick, Financial Strategist & Author, and Patrick Felix, Tax and Estate Planning attorney, unveil the true cost of selling or purchasing a business or practice and advanced strategies to ensure both seller and purchaser leverage the tax system to its fullest making your enterprise the most attractive opportunity for potential buyers.
Patrick J. Felix, Tax and Estate Planning Attorney, US
Mr. Felix practices estate planning through the law firm of Patrick J. Felix III, P.C. in Florida, Pennsylvania, Ohio and West Virginia and through Patenaude & Felix, APC in San Diego, California. Mr. Felix earned his J.D. in 1984 from the Duquesne University Law School in Pittsburgh, Pennsylvania and his LL.M. in 1986 (masters in taxation) from the Georgetown University Law Center. For 25 years, Mr. Felix has practiced tax and advanced estate planning specializing in living trusts, irrevocable life insurance/gifting trusts, dynasty/ generation-skipping trusts, family limited partnerships, charitable giving, the integration of retirement benefits into an estate plan and the utilization of domestic and international life insurance for advanced estate planning. Mr. Felix has hosted his own radio show and has also authored numerous articles and was a contributing author to The Life Insurance Answer Book.