Castle Wealth has been working with Cooperatives on Financial Planning for years and has created a video series to educate members about different topics. View any video of interest below.
1. “Two Year Window”: http://www.youtube.com/watch?v=vJ1QEOdsOMs
This video is intended to give you a few ideas to think about pertaining to selling your business in the next one or two years while we are sure what the tax rates will be. In this short video we will briefly touch upon long term capital gains, ordinary income, tax ideas that would be good for the seller, and tax ideas that would be good for the buyer.
2. “Transferring within the Family” http://www.youtube.com/watch?v=kSj1QoU_6DA
This video discusses a few ideas about possibly selling your company to children or perhaps key employees. If you are an owner who is thinking about retiring and selling your business in the next three to five years then perhaps you may find the ideas in this video helpful.
3. “Valuing Your Business”: http://www.youtube.com/watch?v=71OhORQkPCo
This video briefly reviews a couple of different valuation techniques for closely held family businesses. Valuations are very important if you are planning on selling the business to family members, key employees, or another coop member. This video may be helpful if you are planning on retiring and selling the business in the next three to five years.
4. “Protecting Stock and Stockholders”: http://www.youtube.com/watch?v=R3EV1kfU1Q4
This short video will cover briefly ideas that are very important to business owners when children, in-laws, or key employees become stockholders. In this video we will cover the idea of proper Wills and Revocable Living Trust for business owners, and also buy-sell agreements which are very important. These documents help protect the company and keep the stock within the family. The provisions within these documents are very important to maintain control of a privately held family business.
5. “Retirement Income Ideas”: http://www.youtube.com/watch?v=td3zS6fwlPg
When current business owners think about selling the company their future retirement income becomes very important. There are many ways that owners can design the sale of a company in order to retain future income. This video will touch upon selling stock, selling goodwill, deferred compensation, consulting fees, board of director’s fees, and several other ideas for you to consider.
6. “Reducing Taxes”: http://www.youtube.com/watch?v=AKer1gsohjk
When it comes time to sell your company saving income taxes becomes very important. There are many different ways to sell a company, but the best plan must combine good ideas for the seller and the buyer. There is only so much useable cash flow that the owner of a business has to work with and the plan that you choose must successfully reduce taxes and have enough cash flow so that the buyer can make all of the necessary payments to the retiring owner and still have plenty of cash flow for the buyer to live on.
7. “Types of Businesses”: http://www.youtube.com/watch?v=9H0wmexkGWY
There are several different types of businesses that you can use. For example, C Corporations, S Corporations, Limited Liability Companies, Family Limited Partnerships, and others. If you are planning on selling the company in a few years you want to make sure that the entity that you are using currently for your business will give you the least amount of tax obligation when it is time to sell. During the years that you have owned the company has your basis in the stock increased? When you sell your company will you and the company both pay taxes on the sale? This video will cover briefly a few ideas about corporations and give you ideas to think about