The transition from owning a business to owning an investment portfolio is a significant shift for most entrepreneurs. One of the keys to a successful transition is to address someimportant wealth management questions prior to the sale of the business.
Derek J. Eichelberger, Director of Investment Strategy and David C. Brinkman, Relationship Manager, Schneider Downs Wealth Management Advisors, LP will answer the following questions:
- Will the net, after-tax proceeds from my sale be enough to meet my desired spending needs?
- What is an appropriate portfolio mix for me to meet my long-term goals during ownership years and post-ownership?
- Are there any gifting strategies (family or charitable) that I should consider prior to the sale of the business?
- How do I manage my overall portfolio in a tax-efficient manner?
Pre-transaction discussion and analysis of these financial questions as well as other considerations are paramount in ensuring a smooth and successful family transition/transaction.
