Home
About
Our Services
Resources
Contact

S1, EP1: How to sell your business Tax-Free - Unlocking Qualified Small Business Stock

Priscilla Fuentes | Sep 26, 2024

In this inaugural episode of the GPS to Your Business Success, host Nick Papakyrikos reveals how business owners can legally avoid Federal Capital Gains Tax when selling their company by leveraging specific tax code provisions. Nick delves into the essential strategies for planning ahead, explains the intricate rules and requirements for qualifying, and outlines the advantages of structuring your business as a C Corporation.

You'll gain valuable insights into long-term financial planning, the distinct roles of various types of corporations, and how to maximize potential tax savings at the state level. Whether you're just starting out or considering selling your business, this episode provides crucial information to help you navigate the complexities of business sales and tax planning.

Key Moments:

00:00 – Introduction to Tax-Free Business Sales
00:14 – Decoding the Tax Code Provisions
01:31 – Meet Your Host and Learn About His Firm
02:19 – Important Legal Disclaimer and Sponsor Message
03:23 – In-Depth Look at Qualified Small Business Stock
05:17 – Eligibility and Requirements for Tax-Free Gains
08:47 – C Corporation vs. S Corporation: What’s the Difference?
10:40 – Strategic Advantages of C Corporations
15:43 – Considerations for State-Specific Tax Savings
17:25 – Final Thoughts and Conclusion

Special Thanks to Our Sponsor: Steer CRM

Steer CRM helps auto repair shops attract new customers and keep existing ones coming back for regular maintenance and service. Discover more at steercrm.com.

Connect with Papakyrikos, CPA: The GPS to Your Business Success

Visit us online: www.papakyrikoscpa.com
Email us: Podcast@papakyrikoscpa.com

Office

60 Leo M Birmingham Parkway,
Boston, MA 02135

Contact

E: admin@papakyrikoscpa.com
P: 617-415-5015

Social

Check us out on BrokerCheck®.

Avantax affiliated financial professionals may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

Securities offered through Avantax Investment ServicesSM, Member FINRA, SIPC. Investment advisory services offered through Avantax Advisory ServicesSM. Insurance services offered through an Avantax affiliated insurance agency.

The Avantax family of companies exclusively provide investment products and services through its representatives. Although Avantax Wealth ManagementSM does not provide tax or legal advice, or supervise tax, accounting or legal services, Avantax representatives may offer these services through their independent outside business.

This information is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.

Content, links, and some material within this website may have been created by a third party for use by an Avantax affiliated representative. This content is for educational and informational purposes only and does not represent the views and opinions of Avantax Wealth ManagementSM or its subsidiaries. Avantax Wealth ManagementSM is not responsible for and does not control, adopt, or endorse any content contained on any third party website.