Maximizing Profits through Tax Planning: Insider Plan Spreadsheet
In this podcast episode of "Why We Plan," John Brown interviews Keven Prather, a long-term member of BEI, who shares about a tool he uses to effectively communicate with his business owner clients. The tool is called the BEI insider plan spreadsheet, which lays out the net after-tax effects of an insider transaction, allowing for scenario analysis and tax planning. They also discuss the concept of selling for the lowest defensible value and the importance of building a key employee team. Additionally, they briefly touch on the topic of exit planning and the idea of bringing up an internal team instead of selling.