The biggest mistake you can make when selling your business is to sell first, then give a gift.
If you are considering selling your business, we can help you reduce your tax liabilities and support ministry—while still providing for your financial needs.
Benefits of a Business Gift
- Receive a charitable deduction for the asset you give to charity in the year in which you give the asset
- Avoid capital gains taxation on the portion gifted to charity when the asset sells
- Give more to charity
When a business is sold it may incur significant tax consequences. Giving a portion of your business ahead of the sale can result in a major tax benefit.
Contact us and we would be happy to assist you and answer your questions about making a gift of a business interest prior to the sale of your business.
