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Dice Financial Services Group
1716 N. Sanborn Blvd, PO Box 790
Mitchell, SD 57301
Phone: 605-996-7171
Toll Free: 800-658-3603
Website: www.dicefinancial.com
September/October 2018
A Smart Use of Business Dollars
As a business owner, you’ve worked hard to get to this point in your life. But can you be sure that your business can continue to provide for you financially for the long term? If you haven’t already done so, consider creating your exit strategy.
Planning to Sell
Selling your business is generally the most lucrative opportunity to transfer capital. If you plan to sell your business outright, there are tax and succession issues that you will need to manage. For example, if you sell your business for a large profit, you may face a significant tax bill. However, by selling your business in installments, you may be able to spread the tax burden out over time. The risk, of course, is that if the business falters or fails after the new owners take over, you could end up with merely a fraction of the total you had expected.A succession plan can help provide a structure for the future transfer of your business. Just make sure to include a
funding mechanism in your succession plan, especially if a family member is expected to assume ownership upon
your death. Life insurance is often used as a funding mechanism for such an eventuality. Your financial professional
can provide details on how this approach works.
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Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Insurance Services offered through Dice Financial Services Group.
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