Originally published on The Columbus Bar Association website There are approximately 77 million Baby Boomers in the United States. According to AARP, 10,000 Baby Boomers are turning 65 each
Deferring capital gains taxes under Section 1042 requires purchasing Qualified Replacement Property (QRP) equal to 100% of the taxable gain within 12 months after the transaction closes. The Challenge of
The U.S. tax code does more than raise revenue—it’s also a tool to shape behavior. From discouraging unhealthy habits through “sin taxes” on tobacco and alcohol, to promoting goals like
What is a Section 1042 Election? A Section 1042 election enables shareholders to eliminate capital gains tax on the sale of their company to an Employee Stock Ownership Plan (ESOP). Depending on
Originally published in Smart Business Dealmakers Often, growing your company is not just about making money. It’s a part of your identity. “The idea of selling to a third party
This article was originally posted in Smart Business DealMakers Lazear Capital Partners isn’t afraid to deliver bad news to business owners who want to sell. “We do a ton of education
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