We own the business and the land outright, we also just paid off our home 12/30/22!! I'm hoping to have one or both (business & land) fund our retirement hopefully in the next 3 to 5 years. We are currently in the process working with an amazing insurance agent/planner organizing our mess of current numerous policies into two better plans for my husband and myself.
When the eventual sale/lease of the business and/or property comes to fruition, is there somewhere to sock away what's left in it's entirety (after CA takes the tax) to just let it grow and live off the dividends?
Don’t think you need an Exit Plan? Think Again!
in Joe's Blog
A blog by Joe Marconi in AutoShopOwner Team
Posted
We own the business and the land outright, we also just paid off our home 12/30/22!! I'm hoping to have one or both (business & land) fund our retirement hopefully in the next 3 to 5 years. We are currently in the process working with an amazing insurance agent/planner organizing our mess of current numerous policies into two better plans for my husband and myself.
When the eventual sale/lease of the business and/or property comes to fruition, is there somewhere to sock away what's left in it's entirety (after CA takes the tax) to just let it grow and live off the dividends?