AlphaCore Wealth Advisory recently hosted a webinar focused on Tax and Estate Planning for Business Owners. During the session, Jim Johnston, Senior Wealth Advisor, and Wealth Planners Ethan Schmidt and Troy Owens explored the intricate landscape of state and federal estate taxes, providing insight into the implications for inherited assets and identifying effective tax mitigation strategies. Our discussion encompassed several critical topics for business owners, including:
- A diverse array of planning structures tailored to optimize the transfer of businesses, emphasizing proactive planning as a cornerstone for tax efficiency
- Qualified Small Business Stock Exemption (QSBS), a capital gains tax break designed to empower entrepreneurs during business exits, offering substantial potential for tax savings
- Employee Stock Ownership Plans (ESOPs)
- Grantor Retained Annuity Trusts (GRATs)
If you are interested in learning more about planning for your business, please do not hesitate to contact us.