Jared and Leah are equal partners in a manufacturing company.
After 20 years in business, the company is now worth over $40 million and has interested buyers. Jared and Leah are considering selling the company. They met with the Business Planning Team at Rushton.
Through our business planning process, we were able to answer key questions:
- Is it enough?
- What are the tax implications of different deal structures?
- What kind of legacy do I want to leave?
- How do I take care of my employees?
For Jared and Leah, our team focused not just on selling their business but also taking proactive steps to ensure they maximized their after-tax return. We also worked with them to plan strategies for the next stages of their lives. Jared chose to retire entirely, while Leah decided to use some of the proceeds to start another business. We continue to work with them both as their lives and goals continue to evolve.