Before Selling Your Business
The biggest mistake you can make when selling your business is to sell first, then give a gift.
Many friends of Focus on the Family are successful business owners committed to use all that God has entrusted to them, for furthering gospel ministry. And Focus on the Family has developed some unique partnerships with organizations that specialize in helping business owners use their businesses to fulfill that passion.
If you are thinking about selling your business for a significant gain, we can help ensure that your sale maximizes the benefits to you and the ministry while minimizing your tax liability.
Benefits of donating your business before selling it
- Receive tax deduction
- Reduce or eliminate capital gains tax
- Maximize charitable giving
Why give your business away before selling it
A business that is sold may incur a significant tax consequence. The net result will be that giving a portion of your business ahead of the sale will result in a major tax benefit.
Contact us and we would be happy to assist you and answer your questions about making a gift of a business interest prior to the sale of your business.