Advising for Selling a Business in Boise, Idaho

Selling a business is a tedious process that you must navigate carefully to maximize profit and minimize tax losses. There are a number of pitfalls you must avoid, and myriad factors to consider that will impact your bottom line. That’s why it’s so important to hire a team of trustworthy financial advisors when selling your business. Continue reading to learn more about the benefits of working with our experienced team of financial advisors.

At TrueNorth Wealth, many of the clients we serve are business owners with one or more businesses. For our business owner clients, the sale of their business is often the single largest transaction they will navigate during their lives. So it’s essential to get it right. Failing to plan can lead to a potentially lower sale price and higher tax bill, both of which can negatively impact a business owner’s overall financial health.

Two business people reviewing the benefits of selling a business and smiling happily.

Our team of financial planners are well versed in the various aspects of completing a successful transaction and are here to help you navigate your sale each step of the way.

TrueNorth Wealth is among the top financial firms in Idaho and Utah, with offices in Boise, Logan, Salt Lake City, and St. George. At TrueNorth Wealth, we ensure that our clients know exactly how to sell their business while focusing on maximizing their profit and their likelihood of a successful sale, all while minimizing their tax liability.

What you can expect from your Advisors for Selling a Business in Boise & Idaho areas

Having helped many of our clients navigate a successful business sale, our team has a solid process in place to guide you through this transaction. Through your work with your dedicated CERTIFIED FINANCIAL PLANNER™ practitioner, you will understand answers to the following questions:

  • How can I minimize the tax liability of selling my business?
  • When is the most advantageous time to sell?
  • Should I negotiate a lump-sum payment or installment sale?
  • How can I maximize my business’ valuation before selling?
  • How do I ensure my employees are taken care of after the sale?
  • How much information should I share with employees during the sale process?
  • What are the factors that could prevent my business from selling?
  • What determinants should I evaluate when comparing multiple offers?

By working with our team of experts, you can rest assured knowing that you’re doing everything you can to maximize your profit, minimize your tax liability, and keep the most amount of money in your pocket after the sale. In addition, as a firm that upholds a fiduciary duty to each of our clients—you can rest assured that the team at TrueNorth Wealth will give you academically sound advice that’s in your best interest at all times.

In addition to the technical aspects of a successful business sale, your financial planner will help you navigate the emotional aspects as well. There’s no way around it: you’ve worked hard to build your business into what it is, and selling can feel like a personal loss, despite the financial gain. Our team has helped many business owners through the emotional complexities of this transaction, understanding that it can feel challenging to let go of your business. So we are here to help.

Let’s get started.

If you’re interested in working with a dedicated and trusted financial planner to guide you through the business sale process, then let’s get started. Click below to schedule a complimentary consultation and meet your CFP® professional in our Boise, ID office or through teleconference or phone call.

Discuss selling your business.