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Want to sell your business and make up to $10 million profit—tax-free?
Hi, I’m Dave Horwedel, CEO of Torchlight Tax. Section 1202 of the tax code lets you sell your business and exclude up to $10 million in profit from federal income tax. But you have to do it right. That means forming a C Corporation, issuing stock, and holding it for at least five years. Your total assets need to be under $50 million at or near the start, and your business cannot be in law, finance, or healthcare.
If you already have a buyer, it is probably too late. He is not likely to wait 5 years! We walk through all the steps in our full video: “How to Make $10 Million Profit on a Business Sale Tax-Free.” https://www.youtube.com/watch?v=6HN3ND7ecxY
Contact Torchlight Tax for a free consultation at 877-758-7797 or info@torchlighttax.com. If you found this video helpful, like it, share it, and subscribe to our YouTube channel.