Maximizing Profits through Tax Planning: Insider Plan Spreadsheet
Why We Plan
English - March 30, 2023 14:00 - 12 minutes - 16.9 MB - ★★★★★ - 10 ratingsBusiness exit planning succession planning business planning entrepreneurs Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The latest podcast episode of "Why We Plan" features John Brown, the founder of BEI, and Keven Prather, a long-term BEI member who practices total wealth management for clients where he plans for exits and transitions, with a focus on treating the business as an asset class. Prather discusses a tool that he uses, the BEI insider plan spreadsheet, to lay out the net after-tax effects of an insider transaction for a business owner, whether it be a majority or minority sale. This allows for scenario analysis and emphasizes the tax planning aspect of what they do. John and Keven discuss the concept of selling for the lowest defensible value and using the tool to model out all the different aspects of planning. Additionally, Prather describes the importance of exit planning for advisors.
Keven Prather is a registered representative of and offers securities and investment advisory services through MML Investors Service, LLC. TransitioNext Advisors® is not a subsidiary or affiliate of MML Investors Services, LLC, or its affiliated companies. OSJ: 2012 W. 25th St., Suite 900, Cleveland, Ohio 44113. 216-621-5680. CRN202603-4039457