#562 How to Sell Your Business and Save on Taxes

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 4 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Main Street Business Podcast, Mark J. Kohler explains how to successfully transition out of your business while maximizing value. From setting up a seamless family succession plan to making your business more appealing for a third-party sale, he shares practical steps to ensure a smooth and profitable exit. Tune in for expert strategies that will help you plan your next move with confidence! Here are some of the highlights: Mark outlines four strategies that wealthy ind...

Transcript

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0:00.0	Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen.
0:05.5	Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations,
0:12.3	making them the leading tax and legal experts in the nation.
0:16.1	Together, they'll unpack the most complex tax, legal, and financial strategies,
0:20.6	crucial for saving more,
0:22.1	stressing less, and building generational wealth. Today, they're your personal advisors.
0:28.1	Ready to break it down for you and make the tax and legal game easier than ever.
0:32.6	Here is Mark and Matt.
0:34.5	Welcome back, everybody. Today we're talking about the payday of when you exit your
0:38.4	business. Very different than the payday of how you pay yourself in your business every day,
0:42.9	week, or month of the year. I have a separate video on that, but this is also a big payday,
0:47.9	and a lot of business owners are working towards some exit. Well, today we're going to talk about
0:53.1	four strategies that the wealthy do when it comes to exiting, today we're going to talk about four strategies that the wealthy
0:54.8	do when it comes to exiting their business and are going to help you on your path when it's time
1:00.4	to sell. Now, my name is Mark Kohler. I'm a CPA attorney, bestselling author. I've had a tax
1:04.6	and legal practice for over 20 years now. I've done my 10,000 consultations. I can't count
1:10.3	how many clients I've met with that have
1:12.5	a dream of selling their business and I've met with these clients on the front end, the back end,
1:17.9	and everywhere in between on this process. So this is time-tested information that I know is going to
1:25.8	help you. So number one is a soul searching question,
1:29.5	who are you going to sell your business to? A lot of business owners see that they're going to
1:34.1	sell that business to their family or give it to their family or some sort of succession planning.
	...

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