Transferring Family - Owned Businesses Financial Factors And Expert Guidance
b'In this episode of the Tax Insights podcast by Hawkins Ash CPAs, Jeff Dvorachek, a tax partner at the firm, discusses the financial factors involved in transitioning a family-owned business to the next generation. The options of gifting versus selling the business are explored, along with considerations such as liabilities and tax consequences. Financing options and the concept of a stepped-up basis are also addressed.\\n\\nThis Episode Covers\\n\\u2022 Importance of Transitioning a Family-Owned Business\\n\\u2022 Gifting vs. Selling\\n\\u2022 Tax Consequences of Gifting\\n\\u2022 Buying Out the Business\\n\\u2022 Financing the Transition:\\n\\u2022 Stepped-Up Basis'