3Ts: Tax Tips & Techniques - Exiting the Family Business

Dad wants to eventually sell the family business to his daughter. She has the smarts, drive and desire, and he doesn’t want to work forever. Not only does he want the business to be a success for her; but, part of his retirement income will be dependent on her making the payments for the business. This hypothetical family business scenario is all too common in real life, so let’s see what the ...