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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

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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

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