How does business tax planning connect to succession and exit planning?

Business tax planning and succession or exit planning are deeply interconnected — the structure of a business transition, the timing of a sale, and the form of consideration received all have profound tax implications that must be addressed proactively. Yeo & Yeo’s business tax professionals work in close coordination with our business transition advisors and valuation professionals to ensure that the tax strategy surrounding your exit is planned well in advance and structured to minimize capital gains, ordinary income exposure, and other tax consequences. Decisions made years before a transition — including entity structure, the use of qualified small business stock, installment sale planning, and charitable strategies — can have a dramatic impact on the after-tax proceeds you ultimately receive. Engaging Yeo & Yeo early in the transition planning process is one of the highest-return investments a business owner can make.