COVID-19 has upended every aspect of owning a business. But there may be one opportunity to make a smart business decision this year, if you are considering transferring your business to family or the next generation. In this webinar, we will answer the questions: Is now the right time to gift your company? And, how much time do you have to explore this option before the conditions change?
Lurie advisors Kevin Besikof, Matt Brown and Chris Van Schooneveld hosted a webinar providing context, fundamentals and examples that can help you understand:
- The current and future state of the estate tax
- How 2020 has affected valuation, and whether there is opportunity
- Why these factors influence valuation
- Assuming it makes sense, how gifting your business works – and the possible tax advantages
Click the link button at the top to access the on-demand version of this webinar.